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...
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| Format: | Žurnal |
| Jezik: | English |
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Washington, D.C. :
International Monetary Fund,
2019.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2019/084 |
| Online pristup: | Full text available on IMF |