Commentary on policy at the zero lower bound

Christopher A. Sims

Research output: Contribution to journalArticlepeer-review

4 Scopus citations


Several aspects of the difficulties of policy at the zero lower bound are discussed: The difficulty of credible commitment to higher future inflation, as most New Keynesian models imply is necessary; the need for fiscal and monetary policy coordination; and the pitfalls in the taking of quasi-fiscal actions by the central bank.

Original languageEnglish (US)
Pages (from-to)205-213
Number of pages9
JournalInternational Journal of Central Banking
Issue number1
StatePublished - Mar 2010

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics


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