A parsimonious model for zero inflation at the zero lower bound

被引：0
作者：
Takahashi, Yuta [1 ]
Takayama, Naoki [1 ]
机构：
[1] Hitotsubashi Univ, Inst Econ Res, Kunitachi, Japan
来源：
ECONOMICS LETTERS | 2025年 / 247卷
基金：
日本学术振兴会;
关键词：
Zero lower bound; Deflation; Perpetual youth model; MONETARY-POLICY; REFORM;
D O I：
10.1016/j.econlet.2024.112134
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Standard monetary models with representative households typically predict sizable deflation at the zero lower bound of interest rates, yet Japan had experienced near-zero inflation. By replacing infinite-lived households with finite-lived ones, we offer a parsimonious resolution under reasonable parameter values.
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页数：3
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