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Journal of money credit and banking· 2016Q1

Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound

Jing Cynthia Wu, Fan Dora Xia

Short summary

A new tractable nonlinear term structure model accurately describes economic data and quantifies the impact of unconventional monetary policy near the zero lower bound.

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Field: General Economics, Econometrics and Finance

General Economics, Econometrics and FinanceEconomics, Econometrics and Finance