Construct · 1 fields · 1 citations

zero lower bound: a standalone construct

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

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Macroeconomics

the floor near zero on nominal interest rates that limits how far central banks can cut policy rates.

In macroeconomics, zero lower bound refers to the floor near zero on nominal interest rates that limits how far central banks can cut policy rates. This meaning comes from Eggertsson (2003) in Brookings Papers on Economic Activity.[1]

Unit
Recovery means
Measured by

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Nearby constructs

conversational floor1 fields · 1 citationsanchor · a standalone construct floor2 fields · 4 citationsjingle · one word, two constructs interest4 fields · 5 citationsjingle · one word, four constructs

References

Eggertsson, G. B., & Woodford, M. P. (2003). Zero Bound on Interest Rates and Optimal Monetary Policy. Brookings Papers on Economic Activity, 2003(1), 139-233. https://doi.org/10.1353/eca.2003.0010

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