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Bank of Canada RSS Feedsen2024-03-29T15:25:17+00:00The Zero Bound on Nominal Interest Rates: Implications for Monetary Policy
https://www.bankofcanada.ca/wp-content/uploads/2010/06/murchison.pdf
One of the most important factors that must be considered if countries are thinking about lowering the target level of inflation much below 2 per cent is the zero interest bound. Targeting inflation rates that are too low, the authors note, may restrict the ability of monetary policy to respond to economic shocks by limiting the amount by which interest rates can be eased.2007-12-11T15:13:19+00:00enThe Zero Bound on Nominal Interest Rates: Implications for Monetary Policy2007-12-11