Effective Lower Bound (Forbes et al.)

Symposium: Monetary policy at the effective lower bound by Kristin J. Forbes, James Hamilton, Eric T. Swanson and Janet L. Yellen published by Brookings (2018). “Economists refer to episodes of interest rates approaching zero as the effective lower bound or zero lower bound. Previous research in the Brooking Papers on Economic Research showed that rates could near the zero lower bound as much as 40 percent of the time…”

Verificar em: https://brook.gs/2WLbqZI