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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...
Persistent link: https://www.econbiz.de/10013152378
's fiscal theory of the price level, according to which for certain fiscal rules the (initial) price level is independent of the …
Persistent link: https://www.econbiz.de/10013310216