The zero bound on nominal interest rates : how important is it? / by David Amirault and Brian O'Reilly. : FB3-2/101-6E-PDF
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.--Abstract
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | The zero bound on nominal interest rates : how important is it? / by David Amirault and Brian O'Reilly. |
| Series title | Bank of Canada working paper1701-93972001-6 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Other formats | Paper-[English] |
| Note(s) | "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."--Abstract. The ISSN (1192-5434) for the print edition has been incorrectly copied in this electronic publication. Bibliography. Résumé en français. |
| Publishing information | Ottawa - Ontario : Bank of Canada April 2001. |
| Description | 50p.table |
| ISSN | 1701-9397 |
| Catalogue number |
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| Subject terms | Interest rates Inflation Monetary policy |