Negative nominal interest rates: history and current proposals
نویسندگان
چکیده
منابع مشابه
General equilibrium real and nominal interest rates
We derive the general equilibrium short-term real and nominal interest rates in a monetary economy affected by technological and monetary shocks and where the price level dynamics is endogenous. Assuming fairly general processes for technology and money supply, we show that an inherent feature of our equilibrium is that any real variable dynamics, in particular that of the short-term real inter...
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ژورنال
عنوان ژورنال: International Economics and Economic Policy
سال: 2011
ISSN: 1612-4804,1612-4812
DOI: 10.1007/s10368-011-0186-z