The International Experience with Negative Policy Rates
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References listed on IDEAS
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Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- How low can they go?
by Stephen G. Cecchetti in Huffington Post Business on 2016-04-04 16:38:55 - How Low Can They Go?
by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2016-02-29 19:02:33
Citations
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Cited by:
- Aleksander Berentsen & Hugo van Buggenum & Romina Ruprecht, 2020. "On the negatives of negative interest rates and the positives of exemption thresholds," ECON - Working Papers 372, Department of Economics - University of Zurich.
- Gauti B. Eggertsson & Ragnar E. Juelsrud & Lawrence H. Summers & Ella Getz Wold, 2019.
"Negative Nominal Interest Rates and the Bank Lending Channel,"
NBER Working Papers
25416, National Bureau of Economic Research, Inc.
- Gauti B. Eggertsson & Ragnar E. Juelsrud & Lawrence H. Summers & Ella Getz Wold, 2019. "Negative nominal interest rates and the bank lending channel," Working Paper 2019/4, Norges Bank.
- Anand, Abhishek & Chakraborty, Lekha S, 2019.
"Impact of Negative Interest Rate Policy on Emerging Asian markets: An Empirical Investigation,"
MPRA Paper
99426, University Library of Munich, Germany, revised 2020.
- Anand, Abhishek & Chakraborty, Lekha, 2020. "Impact of Negative Interest Rate Policy on Emerging Asian markets: An Empirical Investigation," Working Papers 20/307, National Institute of Public Finance and Policy.
- Katrin Assenmacher & Signe Krogstrup, 2018. "Monetary Policy with Negative Interest Rates: Decoupling Cash from Electronic Money," IMF Working Papers 2018/191, International Monetary Fund.
- Demiralp, Selva & Eisenschmidt, Jens & Vlassopoulos, Thomas, 2021.
"Negative interest rates, excess liquidity and retail deposits: Banks’ reaction to unconventional monetary policy in the euro area,"
European Economic Review, Elsevier, vol. 136(C).
- Demiralp, Selva & Eisenschmidt, Jens & Vlassopoulos, Thomas, 2019. "Negative interest rates, excess liquidity and retail deposits: banks’ reaction to unconventional monetary policy in the euro area," Working Paper Series 2283, European Central Bank.
- Selva Demiralp & Jens Eisenschmidt & Thomas Vlassopoulos, 2021. "Negative interest rates, excess liquidity and retail deposits: Banks’ reaction to unconventional monetary policy in the euro area," Koç University-TUSIAD Economic Research Forum Working Papers 1910, Koc University-TUSIAD Economic Research Forum.
- repec:hal:spmain:info:hdl:2441/4becfeb5av97abu32kpfiu3srd is not listed on IDEAS
- Darracq Pariès, Matthieu & Kok, Christoffer & Rottner, Matthias, 2023.
"Reversal interest rate and macroprudential policy,"
European Economic Review, Elsevier, vol. 159(C).
- Darracq Pariès, Matthieu & Kok, Christoffer & Rottner, Matthias, 2020. "Reversal interest rate and macroprudential policy," Working Paper Series 2487, European Central Bank.
- Darracq Pariès, Matthieu & Kok Sørensen, Christoffer & Rottner, Matthias, 2021. "Reversal interest rate and macroprudential policy," Discussion Papers 24/2021, Deutsche Bundesbank.
- Maria Cristina Recchioni & Yu Sun & Gabriele Tedeschi, 2017.
"Can negative interest rates really affect option pricing? Empirical evidence from an explicitly solvable stochastic volatility model,"
Quantitative Finance, Taylor & Francis Journals, vol. 17(8), pages 1257-1275, August.
- Maria Cristina Recchioni & Yu Sun & Gabriele Tedeschi, 2016. "Can negative interest rates really affect option pricing? Empirical evidence from an explicitly solvable stochastic volatility model," Working Papers 2016/23, Economics Department, Universitat Jaume I, Castellón (Spain).
- Dominika Kolcunova & Tomas Havranek, 2018.
"Estimating the Effective Lower Bound on the Czech National Bank’s Policy Rate,"
Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 68(6), pages 550-577, December.
- Dominika Kolcunova & Tomas Havranek, 2018. "Estimating the Effective Lower Bound for the Czech National Bank’s Policy Rate," Working Papers IES 2018/22, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Sep 2018.
- Kolcunova, Dominika & Havranek, Tomas, 2018. "Estimating the Effective Lower Bound for the Czech National Bank's Policy Rate," MPRA Paper 84725, University Library of Munich, Germany.
- Dominika Kolcunova & Tomas Havranek, 2018. "Estimating the Effective Lower Bound on the Czech National Bank's Policy Rate," Working Papers 2018/9, Czech National Bank.
- Kolcunova, Dominika & Havranek, Tomas, 2018. "Estimating the Effective Lower Bound for the Czech National Bank's Policy Rate," EconStor Preprints 175753, ZBW - Leibniz Information Centre for Economics.
- Takayasu Ito, 2017. "Do monetary policy expectations influence transmission mechanism of Danish interbank market under the negative interest rate policy?," International Journal of Bonds and Derivatives, Inderscience Enterprises Ltd, vol. 3(3), pages 223-234.
- Belongia, Michael T. & Ireland, Peter N., 2022.
"A reconsideration of money growth rules,"
Journal of Economic Dynamics and Control, Elsevier, vol. 135(C).
- Michael T. Belongia & Peter N. Ireland, 2019. "A Reconsideration of Money Growth Rules," Boston College Working Papers in Economics 976, Boston College Department of Economics.
- Riccardo Bramante & Gimmi Dallago & Silvia Facchinetti, 2022. "Black’s model in a negative interest rate environment, with application to OTC derivatives," Computational Management Science, Springer, vol. 19(1), pages 25-39, January.
- Megumu Kinugawa, 2019. "The unconventional monetary policy of the Bank of Japan during the period 2013–2018: comments and views on Shirai," International Journal of Economic Policy Studies, Springer, vol. 13(2), pages 347-358, August.
- Romina Ruprecht, 2020. "Negative interest rates, capital flows and exchange rates," ECON - Working Papers 351, Department of Economics - University of Zurich.
- Aleksander Berentsen & Romina Ruprecht & Hugo van Buggenum, 2023. "On the Negatives of Negative Interest Rates," Finance and Economics Discussion Series 2023-064, Board of Governors of the Federal Reserve System (U.S.).
- Christophe Blot & Paul Hubert, 2016.
"Negative interest rates: incentive or hindrance for the banking system?,"
SciencePo Working papers Main
hal-03459162, HAL.
- Christophe Blot & Paul Hubert, 2016. "Negative interest rates: incentive or hindrance for the banking system?," Sciences Po publications info:hdl:2441/4becfeb5av9, Sciences Po.
- Christophe Blot & Paul Hubert, 2016. "Negative interest rates: incentive or hindrance for the banking system?," Working Papers hal-03459162, HAL.
- Gauti B. Eggertsson & Ragnar E. Juelsrud & Ella Getz Wold, 2017. "Are Negative Nominal Interest Rates Expansionary?," NBER Working Papers 24039, National Bureau of Economic Research, Inc.
- Miroslav Titze, 2016. "Menová politika záporných úrokových sadzieb v eurozóne a Japonsku [Monetary Policy of Negative Interest Rates in Eurozone and Japan]," Politická ekonomie, Prague University of Economics and Business, vol. 2016(8), pages 953-972.
- Christian Pfister, Natacha Valla, 2018. "‘New Normal’ or ‘New Orthodoxy’? Elements of a Central Banking Framework for the After-Crisis," Working papers 680, Banque de France.
- Grahame Johnson & Sharon Kozicki & Romanos Priftis & Lena Suchanek & Jonathan Witmer & Jing Yang, 2020. "Implementation and Effectiveness of Extended Monetary Policy Tools: Lessons from the Literature," Discussion Papers 2020-16, Bank of Canada.
- repec:bla:pacecr:v:23:y:2018:i:1:p:8-26 is not listed on IDEAS
- Jung, Alexander, 2018. "Does McCallum’s rule outperform Taylor’s rule during the financial crisis?," The Quarterly Review of Economics and Finance, Elsevier, vol. 69(C), pages 9-21.
- Thomas Scheiber & Maria Antoinette Silgoner & Caroline Stern, 2016. "The development of bank profitability in Denmark, Sweden and Switzerland during a period of ultra-low and negative interest rates," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 8-28.
- Rostagno, Massimo & Altavilla, Carlo & Carboni, Giacomo & Lemke, Wolfgang & Motto, Roberto & Saint Guilhem, Arthur & Yiangou, Jonathan, 2019. "A tale of two decades: the ECB’s monetary policy at 20," Working Paper Series 2346, European Central Bank.
- Philipp Hartman & Frank Smets, 2018. "The European Central Bank’s Monetary Policy during Its First 20 Years," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 49(2 (Fall)), pages 1-146.
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More about this item
Keywords
Central bank research; Financial markets; International topics; Monetary policy framework;All these keywords.
JEL classification:
- E - Macroeconomics and Monetary Economics
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MAC-2015-11-21 (Macroeconomics)
- NEP-MON-2015-11-21 (Monetary Economics)
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