Zero Lower Bound Term Structure Modeling A Practitioner’s Guide

Author(s): L. Krippner
Publisher: Palgrave Macmillan
ISBN: 9781137408327
Edition:

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Description

Description

Nominal yields on government debt in several countries have fallen very near their zero lower bound (ZLB), causing a liquidity trap and limiting the capacity to stimulate economic growth. This book provides a comprehensive reference to ZLB structure modeling in an applied setting.