The Discounted Euler Equation: A Note

Monetary
Written By Rowdy Ferret Design

The Discounted Euler Equation: A Note (with Alisdair McKay and Emi Nakamura)

Economica, 84, 820-831, October 2017.

The discounted Euler equation mutes the extent to which far future changes in interest rates affect current output and inflation. At the ZLB, the discounted Euler equation makes ‘deflationary death spirals’ less likely.

Rowdy Ferret Design

Oakland based web designer and developer.

Loves long walks in the woods and barbeque.

http://rowdyferretdesign.com
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