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Negative interest rates may be more psychologically acceptable than assumed: Implications for savings

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  • Efendic, Emir
  • D'Hondt, Catherine
  • De Winne, Rudy
  • Corneille, Olivier

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Suggested Citation

  • Efendic, Emir & D'Hondt, Catherine & De Winne, Rudy & Corneille, Olivier, 2019. "Negative interest rates may be more psychologically acceptable than assumed: Implications for savings," LIDAM Discussion Papers LFIN 2019006, Université catholique de Louvain, Louvain Finance (LFIN).
  • Handle: RePEc:ajf:louvlf:2019006
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    References listed on IDEAS

    as
    1. Stanley Fischer, 2016. "Monetary Policy, Financial Stability, and the Zero Lower Bound," American Economic Review, American Economic Association, vol. 106(5), pages 39-42, May.
    2. Altavilla, Carlo & Burlon, Lorenzo & Giannetti, Mariassunta & Holton, Sarah, 2019. "Is there a zero lower bound? The effects of negative policy rates on banks and firms," Working Paper Series 2289, European Central Bank.
    3. Tversky, Amos & Kahneman, Daniel, 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
    4. John R. Doyle, 2013. "Survey of time preference, delay discounting models," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 8(2), pages 116-135, March.
    5. Ruchir Agarwal & Miles Kimball, 2015. "Breaking Through the Zero Lower Bound," IMF Working Papers 2015/224, International Monetary Fund.
    6. Merton, Robert C, 1969. "Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case," The Review of Economics and Statistics, MIT Press, vol. 51(3), pages 247-257, August.
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    Keywords

    saving ; negative interest rates ; financial desition making ; loss-aversion;
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