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Secular stagnation, low interest rates and low inflation : causes and implications for policy
Kollmann, Robert; Lubik, Thomas A.; Röger, Werner - In: Journal of economic dynamics & control 132 (2021), pp. 1-2
Persistent link: https://www.econbiz.de/10013258800
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Low long-term interest rates : an alternative view
Behrendt, Stefan - 2017
The fall in risk free interest rates since the 1980s has mostly been described as being induced by factors that push down interest rates from the demand side. This paper contributes to the literature by adding a view of the supply side, namely that interest has to be earned first, before it can...
Persistent link: https://www.econbiz.de/10011601155
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Monetary policy in a low interest rate world
Rogoff, Kenneth S. - In: Journal of policy modeling : JPMOD ; a social science … 39 (2017) 4, pp. 673-679
Persistent link: https://www.econbiz.de/10011756924
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What to expect from the lower bound on interest rates : evidence from derivatives prices
Mertens, Thomas M.; Williams, John C. - 2018
inflation and interest rates. We study a stylized New Keynesian model where the policy instrument is subject to a lower bound to … interest rates and inflation to study whether the decrease in the natural rate of interest leads to forecast densities … bound has a sizable effect on the distribution of future interest rates, its impact on forecast densities for inflation is …
Persistent link: https://www.econbiz.de/10011894408
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What to expect from the lower bound on interest rates : evidence from derivatives prices
Mertens, Thomas M.; Williams, John C. - 2018
Persistent link: https://www.econbiz.de/10011803906
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What to Expect From the Lower Bound on Interest Rates : Evidence from Derivatives Prices
Mertens, Thomas M. - 2020
This paper analyzes the effects of the lower bound for interest rates on the distributions of inflation and interest … and inflation to study whether the decrease in the natural real rate of interest leads to forecast densities consistent … a sizable effect on the distribution of future interest rates, its impact on forecast densities for inflation is …
Persistent link: https://www.econbiz.de/10012851471
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U.S. economic prospects : secular stagnation, hysteresis, and the zero lower bound
Summers, Lawrence Henry - In: Business economics : the journal of the National … 49 (2014) 2, pp. 65-73
Persistent link: https://www.econbiz.de/10010423585
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Negative interest rate policy to fight secular stagnation : unfeasible, ineffective, irrelevant, or inadequate?
Di Bucchianico, Stefano - In: Review of political economy 33 (2021) 4, pp. 687-710
Persistent link: https://www.econbiz.de/10012626793
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Monetary policy with negative interest rates : de-linking cash from digital money
Assenmacher-Wesche, Katrin; Krogstrup, Signe - In: International journal of central banking : IJCB 17 (2021) 1, pp. 67-106
Persistent link: https://www.econbiz.de/10013169243
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Negative Nominal Interest Rates : Three Ways to Overcome the Zero Lower Bound
Buiter, Willem H. - 2010
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