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 the bursting of the asset bubble that triggered the fi nancial crisis in 2008. We claim that this omission may have harmful consequences. Should interest rates close to zero...