Michelson-Morley, Fisher, and Occam: The Radical Implications of Stable Quiet Inflation at the Zero Bound

2018 ◽  
Vol 32 (1) ◽  
pp. 113-226 ◽  
Author(s):  
John H. Cochrane
Keyword(s):  
Author(s):  
Yilmaz Akyüz

The preceding chapters have examined the deepened integration of emerging and developing economies (EDEs) into the international financial system in the new millennium and their changing vulnerabilities to external financial shocks. They have discussed the role that policies in advanced economies played in this process, including those that culminated in the global financial crisis and the unconventional monetary policy of zero-bound interest rates and quantitative easing adopted in response to the crisis, as well as policies in EDEs themselves....


2013 ◽  
Vol 32 ◽  
pp. 941-967 ◽  
Author(s):  
Martin Bodenstein ◽  
Luca Guerrieri ◽  
Christopher J. Gust

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