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https://github.com/mchatcher/monetary_policy_rules_zlb

Simulating monetary policy rules in the presence of a zero lower bound.
https://github.com/mchatcher/monetary_policy_rules_zlb

matlab monetary-policy students zero-lower-bound

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Simulating monetary policy rules in the presence of a zero lower bound.

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# Monetary_policy_rules_ZLB
A simple backward-looking model of the monetary policy transmission mechanism is simulated subject to the zero lower bound on nominal interest rates. Several different monetary policy rules can be compared using loss functions in stochastic simulations. A code to simulate impulse responses is also included.