[PDF][PDF] Designing Forward Guidance at the Zero Lower Bound
M Tischhauser - 2018 - research-collection.ethz.ch
We examine how forward guidance can be designed when an economy faces a negative
natural real interest-rate shock and a subsequent supply shock. We use a standard New …
natural real interest-rate shock and a subsequent supply shock. We use a standard New …
[PDF][PDF] Inside money creation out of thin air: a general equilibrium perspective
SA Faure - 2017 - research-collection.ethz.ch
We study inside money creation by commercial banks in today's monetary architecture and
examine the impact of monetary policy and capital regulation in a general equilibrium …
examine the impact of monetary policy and capital regulation in a general equilibrium …