Speech

Negative nominal central bank policy rates: where is the lower bound?

Abstract: Remarks at the University of Wisconsin.

Keywords: Danmarks Nationalbank (DNB); negative policy rates; quantitative easing; nominal interest rates; real interest rates; Fisher equation; currency; money illusion; negative yields; negative rates; negative interest rates; debt securities;

JEL Classification: E58;

Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Speech

Publication Date: 2015-05-08

Number: 168