Betsy Bersson

Duke University

100 Fuqua Drive

Durham, NC 27708-0204

United States

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Expectations Formation, Sticky Prices, and the ZLB

Deutsche Bundesbank Discussion Paper No. 34/2019
Number of pages: 38 Posted: 11 Nov 2019
Betsy Bersson, Patrick Hürtgen and Matthias O. Paustian
Duke University, Deutsche Bundesbank and Board of Governors of the Federal Reserve System
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Abstract:

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expectations formation, optimal monetary policy, New Keynesian model, zero lower bound, forward guidance puzzle, reversal puzzle, fiscal multiplier