Licher Str. 62
Giessen, Hessen D-35394
Germany
University of Giessen - Department of Economics
forward guidance, interest rate, investment, Mayergoyz-Preisach model, monetary policy, path dependence, non-ideal relay, sunk-cost hysteresis, uncertainty, zero lower bound
European Central Bank, interest rate, investment, monetary policy, non-ideal relay, path-dependence, play-hysteresis, uncertainty