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Burlon et al., 2015 - Google Patents

Inflation, financial conditions and non-standard monetary policy in a monetary union. A model-based evaluation

Burlon et al., 2015

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Document ID
4159036194354412861
Author
Burlon L
Gerali A
Notarpietro A
Pisani M
Publication year
Publication venue
A Model-Based Evaluation (June 25, 2015). Bank of Italy Temi di Discussione (Working Paper) No

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Snippet

This paper evaluates the macroeconomic effects of purchases of long-term sovereign bonds by a central bank in a monetary union when (1) the private sector faces tight financial conditions and (2) the zero lower bound (ZLB) on the policy rate holds. To this end, we …
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