Lower Bound Beliefs and Long-Term Interest Rates /
We study the transmission of changes in the believed location of the lower bound to longterm interest rates since the introduction of negative interest rate policies. The expectations hypothesis of the term structure combined with a lower bound on policy rates suggests that normal policy transmissio...
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| Autres auteurs: | , |
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2017.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2017/062 |
| Accès en ligne: | Full text available on IMF |