The wonderful world of negative nominal interest rates, again

Willem Buiter, 4 June 2009

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I was in Frankfurt at the European Central Bank recently to meet people and give a presentation on negative nominal interest rates (the “zero lower bound problem”). For reasons I don’t understand, this topic generates almost as much heat and emotion as a critical piece on Obama.

Topics: Macroeconomic policy
Tags: Federal Reserve, monetary policy, negative interest rates

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