Interest rates and inflation stability: recent experience and the Cochrane critique

Detalhes bibliográficos
Autor(a) principal: Bezerra Bisneto, João Lídio
Data de Publicação: 2017
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: https://hdl.handle.net/10438/34834
Resumo: Traditional keynesian models suggests that inflation is unstable at the zero lower bound under an interest rate policy;and should spiral either into inflation or deflation. Yet, over the past three monetary cycles, interest rates have benn set near zero and inflation has remained surprisingly stable. What explains this puzzle?
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spelling Bezerra Bisneto, João LídioEscolas::EESP2024-02-07T15:53:13Z2024-02-07T15:53:13Z2017-0509https://hdl.handle.net/10438/34834Traditional keynesian models suggests that inflation is unstable at the zero lower bound under an interest rate policy;and should spiral either into inflation or deflation. Yet, over the past three monetary cycles, interest rates have benn set near zero and inflation has remained surprisingly stable. What explains this puzzle?engCentro de Estudos em Processos de Investimento (FGV Invest)GV Invest; 09Unconventional policiesDeflationZero lower boundEconomiaInflaçãoEconomia keynesianaPolítica econômicaInterest rates and inflation stability: recent experience and the Cochrane critiqueinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVLICENSElicense.txtlicense.txttext/plain; charset=utf-85112https://repositorio.fgv.br/bitstreams/2c54697d-8290-4263-addd-bd350a52a823/download2a4b67231f701c416a809246e7a10077MD51ORIGINALgvinvest_short_studies_series_9.pdfgvinvest_short_studies_series_9.pdfPDFapplication/pdf438062https://repositorio.fgv.br/bitstreams/f4e6d613-2fab-41f7-8e62-586df7178f82/download78af5fcfffb405e39e61f49e27676b73MD52TEXTgvinvest_short_studies_series_9.pdf.txtgvinvest_short_studies_series_9.pdf.txtExtracted 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dc.title.eng.fl_str_mv Interest rates and inflation stability: recent experience and the Cochrane critique
title Interest rates and inflation stability: recent experience and the Cochrane critique
spellingShingle Interest rates and inflation stability: recent experience and the Cochrane critique
Bezerra Bisneto, João Lídio
Unconventional policies
Deflation
Zero lower bound
Economia
Inflação
Economia keynesiana
Política econômica
title_short Interest rates and inflation stability: recent experience and the Cochrane critique
title_full Interest rates and inflation stability: recent experience and the Cochrane critique
title_fullStr Interest rates and inflation stability: recent experience and the Cochrane critique
title_full_unstemmed Interest rates and inflation stability: recent experience and the Cochrane critique
title_sort Interest rates and inflation stability: recent experience and the Cochrane critique
author Bezerra Bisneto, João Lídio
author_facet Bezerra Bisneto, João Lídio
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EESP
dc.contributor.author.fl_str_mv Bezerra Bisneto, João Lídio
dc.subject.eng.fl_str_mv Unconventional policies
Deflation
Zero lower bound
topic Unconventional policies
Deflation
Zero lower bound
Economia
Inflação
Economia keynesiana
Política econômica
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Inflação
Economia keynesiana
Política econômica
description Traditional keynesian models suggests that inflation is unstable at the zero lower bound under an interest rate policy;and should spiral either into inflation or deflation. Yet, over the past three monetary cycles, interest rates have benn set near zero and inflation has remained surprisingly stable. What explains this puzzle?
publishDate 2017
dc.date.issued.fl_str_mv 2017-05
dc.date.accessioned.fl_str_mv 2024-02-07T15:53:13Z
dc.date.available.fl_str_mv 2024-02-07T15:53:13Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv https://hdl.handle.net/10438/34834
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publisher.none.fl_str_mv Centro de Estudos em Processos de Investimento (FGV Invest)
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