Commentary: methods of policy accommodation at the interest-rate lower bound

If Michael Woodford says it is daunting to present his paper in front of this distinguished audience, you can imagine how daunting it is to be the discussant of his paper, which is probably the longest paper at this conference—but a paper, typically for Mike, dense with insight. I am grateful to have this opportunity, not just to discuss this paper, but to be a participant at this year’s Federal Reserve Bank of Kansas City conference.