Identifying the Stance of Monetary Policy at the Zero Lower Bound: A Markov-Switching Estimation Exploiting Monetary-Fiscal Policy Interdependence

Article

Abstract: In this paper, I propose an econometric technique to estimate a Markov-switching Taylor rule subject

Palabras claves:

C34, E52, E63, Markov-switching coefficients, monetary–fiscal policy interactions, Zero Lower Bound

Autores:

Manuel González-Astudillo

Fuentes:

scopus