Now showing items 1-1 of 1

    • Escaping the Great Recession 

      Bianchi, Francesco; Melosi, L (Economic Research Initiatives at Duke (ERID), 2015-01-01)
      High uncertainty is an inherent implication of the zero lower bound, while deflation is not because of inflationary pressure due to uncertainty about how debt will be stabilized. We show that policy uncertainty empirically ...