Are Negative Nominal Interest Rates Expansionary?
收藏NBER2017-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24039
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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
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美国国家经济研究局创建时间：
2017-11-01
