Negative interest rate policies : sources and implications (English)

Against the background of continued growth disappointments, depressed inflation expectations, and declining real equilibrium interest rates, a number of central banks have implemented negative interest rate policies (NIRP) to provide additional monetary policy stimulus over the past few years. This paper studies the sources and implications of NIRP. It reports four main results. First, monetary transmission channels under NIRP are conceptually analogous...

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Author

Arteta,Carlos;

Kose,Ayhan;

Stocker,Marc;

Taskin,Temel;
Document Date
2016/08/10
Document Type
Policy Research Working Paper
Report Number
WPS7791
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2016/08/10
Disclosure Status
Disclosed
Doc Name
Negative interest rate policies : sources and implications
Keywords
monetary policy

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Citation

Arteta,Carlos; Kose,Ayhan; Stocker,Marc; Taskin,Temel.

Negative interest rate policies : sources and implications (English). Policy Research working paper|no. WPS 7791 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/235551470834953672

Negative interest rate policies : sources and implications (English)

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