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Discussion Paper

The Risk of Returning to the Effective Lower Bound: An Implication for Inflation Dynamics After Lift-Off


Abstract: In this note, we analyze an implication of the effective lower bound (ELB) risk--the possibility that adverse shocks will force policymakers in the future to lower the policy rate to the ELB--on inflation dynamics after liftoff.

https://doi.org/10.17016/2380-7172.1690

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File(s): File format is text/html https://www.federalreserve.gov/econresdata/notes/feds-notes/2016/risk-of-returning-to-the-effective-lower-bound-an-implication-for-inflation-dynamics-after-lift-off-20160212.html

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2016-02-12

Number: 2016-02-12-2