Macroeconomic volatility at the zero lower bound: Evidence from the OECD

Anthony Swaminathan

Economics Letters, 2021, vol. 204, issue C

Abstract: This paper tests whether volatility in inflation and GDP growth was higher at the ZLB across the period from 1990:1 to 2019:3 as predicted by conventional models. Contrary to the theoretical predictions, volatility was not higher at the ZLB.

Keywords: Zero lower bound; Endogenous volatility; Unconventional monetary policy (search for similar items in EconPapers)
JEL-codes: E43 E47 E53 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176521001543
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:204:y:2021:i:c:s0165176521001543

DOI: 10.1016/j.econlet.2021.109877

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().