Zero Lower Bound and Monetary Policy in the Euro Area Optimal Monetary Policy in a Low Inflation Environment

Zero Lower Bound and Monetary Policy in the Euro Area Optimal Monetary Policy in a Low Inflation Environment

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Central banks around the world try to influence economic activity by altering nominal interest rates which will have an effect on the real rate. However, this is only possible as long as interest rates are above zero. The case of Japan showed that monetary policy was helpless as nominal rates approa...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: Protze, Lars (VerfasserIn)
Format: Elektronisch E-Book
Sprache:German
Veröffentlicht: Hamburg Bedey & Thoms Media GmbH 2008
Ausgabe:1. Auflage
Schlagworte:
Geldtheorie
Geldpolitik
Nullzinsgrenze
Inflation
Deflation
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