RBNZ’s Krippner: term structure models can make for better policy
Central bank economist talks about his work on modelling monetary policy at the zero lower bound
Central banks could achieve better policy outcomes if they think about the entire term structure of interest rates, according to the Reserve Bank of New Zealand’s (RBNZ) Leo Krippner.
Speaking on the sidelines of Central Banking’s 2017 awards, where he won the prize for economics, Krippner said his work on modelling the effects of policy at the zero lower bound have lessons for “conventional” policymaking, as well.
Even when rates return to normal, “it still pays to look closely at what is
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