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 rate; real interest rate; Fisher equation; currency; money illusion; negative yields; negative rates; negative interest rates; debt securities;
JEL Classification: E58;
File format is text/html
Description: Full text
Provider: Federal Reserve Bank of New York
Part of Series: Speech
Publication Date: 2015-05-08