Enabling Deep Negative Rates to Fight Recessions

"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 availabl...

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Главный автор: Agarwal, R. (Ruchir)
Другие авторы: Kimball, Miles S.
Формат: Электронная книга
Язык:English
Публикация: Washington, D.C. International Monetary Fund, 2019.
Серии:IMF working paper ; WP/19/84.
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Online-ссылка:EBSCOhost
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