Enabling Deep Negative Rates to Fight Recessions : A Guide /

The experience of the Great Recession and its aftermath revealed that a lower bound on interest rates can be a serious obstacle for fighting recessions. However, the zero lower bound is not a law of nature; it is a policy choice. The central message of this paper is that with readily available tools...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Agarwal, Ruchir
अन्य लेखक: Kimball, Miles
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2019.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2019/084
ऑनलाइन पहुंच:Full text available on IMF