Commentary: Commentary on Policy at the Zero Lower Bound

Christopher Sims ()

International Journal of Central Banking, 2010, vol. 6, issue 1, 205-213

Abstract: Several aspects of the difficulties of policy at the zero lower bound are discussed: The difficulty of credible commitment to higher future inflation, as most New Keynesian models imply is necessary; the need for fiscal and monetary policy coordination; and the pitfalls in the taking of quasi-fiscal actions by the central bank.

JEL-codes: E52 E58 E63 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (8)

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