Keywords

#zero_lower_bound

Zero lower bound

Problem in macroeconomics

The zero lower bound (ZLB) or zero nominal lower bound (ZNLB) is a macroeconomic problem that occurs when the short-term nominal interest rate is at or near zero, causing a liquidity trap and limiting the central bank's capacity to stimulate economic growth.

Sat 8th

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Zero lower bound Zero interest-rate policy Shadow rate Cramér–Rao bound Infimum and supremum Monetary policy Miles Kimball Evidence lower bound Philipp Hildebrand Recession
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