Has U.S. Monetary Policy Tracked the Efficient Interest Rate

By Vasco Cúrdia, A. Ferrero, Ging Cee Ng, Andrea Tambalotti. 2014

127 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/c40f7f29513d73fe90b6318ad90c20c81cf7f386

Citations in the corpus

• The Safety Trap (2017, unknown): “In our model, the effects of public debt issuances and QE in safety traps rely entirely on the (assumed) superior ability of the government to address a form of market incompleteness—the difficulty to isolate (macro) safe from risky assets.(20) This irrelevance result relies on our assumption (made ”
• Measuring the Natural Rate of Interest: International Trends and Determinants (2016, unknown): “Recent analysis using dynamic stochastic general equilibrium (DSGE) models also finds evidence of a large decline in the natural rate of interest since the onset of the global financial crisis (Cúrdia 2015; Cúrdia et al., 2015; Goldby et al., 2015).”
• The Equilibrium Real Funds Rate: Past, Present, and Future (2016, unknown): “Empirical estimates of the New Keynesian models such as Barsky et al. (2014) and Curdia et al. (2014) find considerable variation in the natural rate of interest.”