The Effective Lower Bound for the Policy Rate in Euroized Economies—An Application to the Case of Albania

The Effective Lower Bound for the Policy Rate in Euroized Economies—An Application to the Case of Albania
Based on the experience of the Bank of Albania, the paper proposes a framework to estimate the interest rate lower bound in small, open, and euroized economies. The paper introduces a stylized monitoring tool to assess the unintended consequences of low policy rates. The paper is the first attempt to estimate the impact of low... READ MORE...

Publication date: March 2018
ISBN 9781484345313
$18.00

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