Xin, Baogui; Jiang, Kai - In: Journal of management science and engineering 8 (2023) 4, pp. 430-452
The COVID-19 outbreak has brought unprecedented social attention to economic uncertainty and negative interest rate policy (NIRP). How does uncertainty affect economic activity, and how effective is a NIRP based on central bank digital currency (CBDC)? To answer the two questions, we constructed...