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;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Speech

Publication Date: 2015-05-08

Number: 168