Title:

Floor Systems for Implementing Monetary Policy: Some Unpleasant Fiscal Arithmetic

Authors:

Aleksander Berentsen (Fed Res Bk of St Louis, U Basel)
Alessandro Marchesiani (U Minho)
Christopher J. Waller (Fed Res Bk of St Louis, U Notre Dame)

Journal:

Review of Economic Dynamics

Year:

2014

Volume:

17

Pages:

523-542

JEL codes:

E52 - Monetary Policy (Targets, Instruments, and Effects)
E43 - Determination of Interest Rates; Term Structure of Interest Rates
E58 - Central Banks and Their Policies
E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation