Ciżkowicz, Piotr; Rzońca, Andrzej - In: Prague Economic Papers 2014 (2014) 3, pp. 315-329
Central banks do not seem to account for the impact of interest rates close to zero on the natural interest rate after … harmful consequences. Should interest rates close to zero persistently decrease natural interest rates that would mean a fall … that interest rates close to zero may persistently reduce the natural interest rate because in the economy, requiring post …