Negative Nominal Interest Rates: Three ways to overcome the zero lower bound
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The paper considers three methods for eliminating the zero lower bound on nominal interest rates and thus for restoring symmetry to domain over which the central bank can vary its policy rate. They are: (1) abolishing currency (which would also be a useful crime-fighting measure); (2) paying
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美国国家经济研究局创建时间:
2009-06-01



