again when negative interest rates become more persistent during the "low-for-long" period beginning in 2016. Overall, the … below zero or held significant amounts of negative interest-bearing central bank deposits. We see a reversal in the pass … provide evidence that negative policy rates and TLTROs complement each other, while negative policy rates and QE do not. …

Negative interest rates are a new phenomenon. Short-term deposit rates of the European Central Banks became negative in …-term financial variables and of long-term rates on structural variables of listed euro firms. I thereby test if negative rates have …, while negative ECB rates reduce liquidity ratios by an additional 0.6 percentage points. Declining long-term German …

to negative levels, compared to a standard rate cut in the euro area. We exploit the cross-sectional variation in banks …Negative monetary policy rates are associated with a particular friction because the remuneration of retail deposits … tends to be floored at zero. We investigate whether this friction affects banks' reactions when the policy rate is lowered …

Negative interest rate policy (NIRP) is associated with a particular friction. The remuneration ofbanks´ retail … whether this friction affects banks' reactions under NIRPcompared to a standard rate cut in the euro area. We argue that … deposits tends to be floored at zero, which limits the transmission of policy rate cutsto bank funding costs. We investigate …