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...

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Autor principal: Grisse, Christian
Altres autors: Krogstrup, Signe, Schumacher, Silvio
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2017.
Col·lecció:IMF Working Papers; Working Paper ; No. 2017/062
Accés en línia:Full text available on IMF

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