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Zero Lower Bound and negative interest rates: Choices for monetary policy in the UK
There have been relatively few analyses of the policy context and consequences of a Zero Lower Bound (ZLB) for nominal interest rates. This paper sets out monetary policy alternatives, including negative interest rates, a revision of the inflation target, and rendering unconventional policy instrume...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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The Society for Policy Modeling. Published by Elsevier Inc.
2021
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7250098/ https://www.ncbi.nlm.nih.gov/pubmed/32836571 http://dx.doi.org/10.1016/j.jpolmod.2020.03.014 |