Discovery Projects - Grant ID: DP210101204

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP210101204

Funding Status
Active

Does something not look right? The information on this page has been harvested from data sources that may not be up to date. We continue to work with information providers to improve coverage and quality. To report an issue, use the .

Funded Activity Summary

Economic policy when interest rates are zero. This Project studies economic policy when interest rates are zero. Low interest rate environments constrain monetary policy because central banks cannot lower rates to raise demand. We exploit recent international experience with zero rates to understand why new policies have had mixed success. We argue different outcomes across countries arise because of different degrees of credibility and familiarity with new policy initiatives. We provide empirical support for this view and study the consequences of imperfectly credible policy. We characterize how monetary policy (conventional and unconventional) and fiscal policy can be used to greatest effect in low interest rate environments and quantify the welfare implications for Australia.

Funded Activity Details

Start Date: 29-09-2021

End Date: 29-09-2024

Funding Scheme: Discovery Projects

Funding Amount: $329,706.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Macroeconomics (incl. Monetary and Fiscal Theory) | Applied Economics |

ANZSRC Socio-Economic Objective (SEO)

Fiscal Policy | Monetary Policy

Other Keywords

Applied Economics | Fiscal Policy | Macroeconomics (incl. Monetary and Fiscal Theory) | Monetary Policy

Related Links