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We investigate a monetary regime with persistent, near-zero policy interest rates ("permazero" in the terminology of Bullard 2015). This regime was implemented in 1683 by a prominent early central bank called the Bank of Amsterdam ("Bank"). The Bank fixed its policy rate at one-half percent and...
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transmission of monetary policies of the United States, the euro area, Japan, and the United Kingdom. Two other studies use …
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transmission of monetary policies of the U.S., euro area, Japan, and United Kingdom. Two other studies use international data with …
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transmission of monetary policies of the U.S., euro area, Japan, and United Kingdom. Two other studies use international data with …
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