Enabling Deep Negative Rates to Fight Recessions: A Guide

Enabling Deep Negative Rates to Fight Recessions: A Guide
The experience of the Great Recession and its aftermath revealed that a lower bound on interest rates can be a serious obstacle for fighting recessions. However, the zero lower bound is not a law of nature; it is a policy choice. The central message of this paper is that with readily available tools a central bank can enable deep negative rates... READ MORE...

Publication date: April 2019
ISBN 9781484398777
$18.00

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