Are Negative Nominal Interest Rates Expansionary?
收藏数据链接：
官方服务：
资源简介：
Following the crisis of 2008 several central banks engaged in a radical new policy experiment by setting negative policy rates. Using aggregate and bank-level data, we document a collapse in pass-through to deposit and lending rates once the policy rate turns negative. Motivated by these empirical
提供机构：
美国国家经济研究局创建时间：
2017-11-01
