Federal Reserve Bank of Kansas City
Measuring the Stance of Monetary Policy on and off the Zero Lower Bound
Taeyoung Doh and Jason Choi propose a new “shadow” short-term interest rate to measure the stance of policy when the federal funds rate was constrained by the zero lower bound.
Cite this item
Taeyoung Doh & Jason Choi, "Measuring the Stance of Monetary Policy on and off the Zero Lower Bound"
, Federal Reserve Bank of Kansas City, Economic Review, issue Q III, pages 5-24, 2016.
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
Keywords: Monetary policy; Federal Open Market Committee (FOMC); Zero lower bound; Interest rates; Federal funds rage
This item with handle RePEc:fip:fedker:00041
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