评估利率政策规则的方法:一个答复

Pub Date : 2021-12-01 DOI:10.4337/ejeep.2021.03.03

John Smithin

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引用次数: 0

摘要

本文是对Watts(2021)的简短回复，Watts在smith(2020)中讨论不同利率政策规则对通货膨胀的影响时，对概念基础和方法持批评态度。回复的结论是，“零实际政策利率”(ZRPR)而不是“零利率政策”(ZIRP)的情况毫发无损。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The methodology for assessing interest-rate policy rules: a reply

This note is a brief reply to Watts (2021), who has been critical of the conceptual foundations and methodology in a discussion of the impact of different interest rate policy rules on inflation in Smithin (2020). The reply concludes that the case for a ‘zero real policy rate of interest’ (ZRPR), rather than a ‘zero interest rate policy’ (ZIRP), emerges unscathed.

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