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Negative interest rates remain a controversial policy for central banks. We study a novel signalling channel and ask under what conditions negative rates should exist in an optimal policymaker’s toolkit. We prove two necessary conditions for the optimality of negative rates: a time-consistent...
Persistent link: https://www.econbiz.de/10013308742
Information technology (IT) and performance measurement are of rising value in globally connected supply chains. This results in the increasing implementation of business intelligence (BI) applications to enhance information exploitation as strategic and operational competitive advantages. To...
Persistent link: https://www.econbiz.de/10011093735
Negative interest rates remain a controversial policy for central banks. We study a novel signalling channel and ask under what conditions negative rates should exist in an optimal policymaker’s toolkit. We prove two necessary conditions for the optimality of negative rates: a time-consistent...
Persistent link: https://www.econbiz.de/10012801769