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Methods of Policy Accommodation at the Interest …

Methods of Policy Accommodation at the Interest -Rate Lower Bound . Michael Woodford columbia university September 16, 2012.. Revised draft of a paper presented at the Federal reserve bank of Kansas City Symposium on The Changing Policy Landscape, Jackson Hole, Wyoming, August 31, 2012. I would like to thank James Bullard, Vasco C urdia, Charles Evans, Gauti Eggertsson, Jonas Fisher, Narayana Kocherlakota, Edward Nelson, Adam Posen, Argia Sbordone, Lars Svensson, Eric Swanson and John Williams for helpful discussions, while absolving them from responsibility for the arguments presented. I also thank Kyle Jurado for research assistance, and the National Science Foundation for supporting my research on this issue under grant number SES-0820438. The opinions expressed are those of the author alone, and do not represent the views of the Federal reserve bank of New York, the Federal reserve System, or Sveriges Riksbank.

Methods of Policy Accommodation at the Interest-Rate Lower Bound Michael Woodford Columbia University September 16, 2012 Revised draft of a paper presented at the Federal Reserve Bank of Kansas City Symposium

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