E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T11:14:22+00:00The Zero Bound on Nominal Interest Rates: How Important Is It?
https://www.bankofcanada.ca/2001/04/working-paper-2001-6/
This paper surveys the literature on the zero bound on the nominal interest rate. It addresses questions ranging from the conditions under which the zero bound on the nominal interest rate might occur to policy options to avoid or use to exit from such a situation. We discuss literature that examines historical and country evidence, and literature that uses models to generate evidence on this question.2001-04-01T14:44:59+00:00enThe Zero Bound on Nominal Interest Rates: How Important Is It?2001-04-01CredibilityInflation targetsMonetary policy transmissionWorking Paper 2001-6 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-6.pdfThe Zero Bound on Nominal Interest Rates: How Important Is It?David AmiraultBrian O'ReillyApril 2001EE3E31E5E52E58E6E61