Negative Nominal Interest Rates and the Bank Lending Channel
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https://www.nber.org/papers/w25416
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资源简介：
We investigate the bank lending channel of negative nominal policy rates from an empirical and theoretical perspective. We nd that retail household deposit rates are subject to a lower bound (DLB). Empirically, once the DLB is met, the pass-through to lending rates and credit volumes is
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美国国家经济研究局创建时间：
2019-01-01
