Burlon et al., 2015 - Google Patents
Inflation, financial conditions and non-standard monetary policy in a monetary union. A model-based evaluationBurlon et al., 2015
View PDF- 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 …
- 238000011156 evaluation 0 title description 5
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