Lower Bound Beliefs and Long-Term Interest Rates /

We study the transmission of changes in the believed location of the lower bound to longterm interest rates since the introduction of negative interest rate policies. The expectations hypothesis of the term structure combined with a lower bound on policy rates suggests that normal policy transmissio...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: Grisse, Christian
מחברים אחרים: Krogstrup, Signe, Schumacher, Silvio
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2017.
סדרה:IMF Working Papers; Working Paper ; No. 2017/062
גישה מקוונת:Full text available on IMF