Pirgmann, Michael; Wawrosz, Petr - In: Economies : open access journal 12 (2024) 6, pp. 1-24
effective lower bound (ELB), and negative interest rate policies (NIRPs), specifically in the case of the digital euro (DE …, we explore whether CBDCs can change the ELB and affect consumer preferences in favor of the digital euro over physical … cash. Our findings indicate that the introduction of the DE could potentially move the ELB from its current value of around …