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Negative Nominal Interest Rates: Three ways to overcome the zero lower bound

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NBER2009-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15118
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The paper considers three methods for eliminating the zero lower bound on nominal interest rates and thus for restoring symmetry to domain over which the central bank can vary its policy rate. They are: (1) abolishing currency (which would also be a useful crime-fighting measure); (2) paying
创建时间:
2009-06-01
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