 | Enabling Deep Negative Rates to Fight Recessions: A Guide Author/Editor: Ruchir Agarwal, Miles Kimball. Release Date:April, 2019 The experience of the Great Recession and its aftermath revealed that a lower bound on interest rates can be a serious obstacle for fighting recessions. However, the zero lower bound is not a law of more...
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| Breaking Through the Zero Lower Bound Author/Editor: Ruchir Agarwal, Miles Kimball. Release Date:October, 2015 There has been much discussion about eliminating the “zero lower bound” by eliminating paper currency. But such a radical and difficult approach as eliminating paper currency is not more...
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