Construct · 1 fields · 1 citations

shadow rate: a standalone construct

One name. One construct. A landmark on the map.

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shadow rate1 CONSTRUCTShadow rateWU · MONETARY ECONOMICS

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Monetary economics

a term structure measure of the policy stance that can go below zero, summarizing unconventional policy at the lower bound.

In monetary economics, shadow rate refers to a term structure measure of the policy stance that can go below zero, summarizing unconventional policy at the lower bound. This meaning comes from Wu (2016) in Journal of Money, Credit and Banking.[1]

Unit
Recovery means
Measured by

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Nearby constructs

credit2 fields · 2 citationsjingle · one word, two constructsmeasure2 fields · 4 citationsjingle · one word, two constructspolicy2 fields · 4 citationsjingle · one word, two constructs

References

  1. WU, J. C., & Xia, F. D. (2016). Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound. Journal of Money, Credit and Banking, 48(2-3), 253-291. https://doi.org/10.1111/jmcb.12300

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