Browsing Arbeidsnotater / Working Papers by Subject "zero lower bound"
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Implementing the Zero Lower Bound in an Estimated Regime-Switching DSGE Model
(Working Papers;3/2016, Working paper, 2016)The Zero Lower Bound (ZLB) on policy rates is one of the key monetary policy issues du jour. In this paper we investigate the problem of modelling and estimating the ZLB in a simple New Keynesian model with regime switches. ... -
Joint Prediction Bands for Macroeconomic Risk Management
(Working Papers;7/2016, Working paper, 2016)In this paper we address the issue of assessing and communicating the joint probabilities implied by density forecasts from multivariate time series models. We focus our attention in three areas. First, we investigate a ...