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Negative nominal central bank policy rates: where is the lower bound?

Author

Listed:
  • McAndrews, James J.

    (Federal Reserve Bank of New York)

Abstract

Remarks at the University of Wisconsin.

Suggested Citation

  • McAndrews, James J., 2015. "Negative nominal central bank policy rates: where is the lower bound?," Speech 168, Federal Reserve Bank of New York.
  • Handle: RePEc:fip:fednsp:168
    as

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    File URL: https://www.newyorkfed.org/newsevents/speeches/2015/mca150508.html
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. How Low Can They Go?
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2016-02-29 19:02:33
    2. How low can they go?
      by Stephen G. Cecchetti in Huffington Post Business on 2016-04-04 16:38:55

    Citations

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    Cited by:

    1. repec:diw:diwpok:pbk130 is not listed on IDEAS
    2. Edward C. Prescott & Ryan Wessel, 2016. "Monetary Policy with 100 Percent Reserve Banking: An Exploration," NBER Working Papers 22431, National Bureau of Economic Research, Inc.
    3. Anna Malinowska, 2016. "The impact of monetary policy and agent heterogeneity on firm financing structure: evidence from the USA," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 46.
    4. repec:gam:jijfss:v:5:y:2017:i:2:p:12-:d:95264 is not listed on IDEAS
    5. Prescott, Edward C. & Wessel, Ryan, 2016. "Fiat Value in the Theory of Value," Staff Report 530, Federal Reserve Bank of Minneapolis, revised 08 Jun 2017.
    6. repec:eee:ecmode:v:68:y:2018:i:c:p:1-10 is not listed on IDEAS
    7. Guillaume Khayat, 2017. "The Corridor's Width as a Monetary Policy Tool," Working Papers halshs-01611650, HAL.
    8. Prescott, Edward C. & Wessel, Ryan, 2018. "Money in the Production Function," Staff Report 562, Federal Reserve Bank of Minneapolis.
    9. Walter Engert & Ben Fung, 2017. "Central Bank Digital Currency: Motivations and Implications," Discussion Papers 17-16, Bank of Canada.
    10. Anwar Khayat, 2015. "Negative Policy Rates, Banking Flows and Exchange Rates," Working Papers halshs-01203609, HAL.
    11. Seitz, Franz & Krueger, Malte, 2017. "The Blessing of Cash," International Cash Conference 2017 – War on Cash: Is there a Future for Cash? 162911, Deutsche Bundesbank.
    12. Andreas Jobst & Huidan Huidan Lin, 2016. "Negative Interest Rate Policy (NIRP); Implications for Monetary Transmission and Bank Profitability in the Euro Area," IMF Working Papers 16/172, International Monetary Fund.
    13. Anwar Khayat, 2015. "Negative Policy Rates, Banking Flows and Exchange Rates," AMSE Working Papers 1538, Aix-Marseille School of Economics, Marseille, France, revised Sep 2015.
    14. van Riet, Ad, 2017. "The ECB's fight against low inflation : On the effects of ultra-low interest rates," Other publications TiSEM ec7f8a3b-a32e-42e4-8d01-7, Tilburg University, School of Economics and Management.
    15. Philip Molyneux & Alessio Reghezza & Ru Xie, 2018. "Bank Profits and Margins in a World of Negative Rates," Working Papers 18001, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).

    More about this item

    Keywords

    Danmarks Nationalbank (DNB); negative policy rates; quantitative easing; nominal interest rate; real interest rate; Fisher equation; currency; money illusion; negative yields; negative rates; negative interest rates; debt securities;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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