The Effective Lower Bound for the Policy Rate in Euroized Economies-An Application to the Case of Albania /
Based on the experience of the Bank of Albania, the paper proposes a framework to estimate the interest rate lower bound in small, open, and euroized economies. The paper introduces a stylized monitoring tool to assess the unintended consequences of low policy rates. The paper is the first attempt t...
| Autor principal: | |
|---|---|
| Altres autors: | , , |
| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2018.
|
| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2018/055 |
| Accés en línia: | Full text available on IMF |