Zero Lower Bound

28.02.2023: Olivier Blanchard – Fiscal policy under low interest rates

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Presenter: Olivier Blanchard Affiliation: Massachusetts Institute of Technology, Department of Economics, and PIIE. Book: Fiscal Policy under Low Interest Rates Date: February 28, 2023 Time: 14:00 GMT (16:00 Israel Time) Abstract: Policy makers in advanced economies find themselves in an unusual fiscal environment: debt ratios are historically high, and—once the fight against inflation is won—real … Read more

10.05.2022: Alp Simsek – A note on temporary supply shocks with aggregate demand inertia

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Presenter: Alp Simsek Affiliation: Yale University, Yale School of Management Paper: A Note on Temporary Supply Shocks with Aggregate Demand Inertia Date: May 10, 2022 Time: 13:00 GMT Abstract: We study optimal monetary policy during temporary supply contractions when aggregate demand has inertia and expansionary policy is constrained. In this environment, it is optimal to … Read more

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