The zero lower bound (ZLB) or zero nominal lower bound (ZNLB) is a macroeconomic problem that occurs when the short-term nominal interest rate is at or...

monetary policy such as quantitative easing can be effective at the zero lower bound. Others argue that when monetary policy is already used to the maximal...

measure the economy when nominal interest rates come close to the zero lower bound. It was created by Fischer Black in his final paper, "Interest Rates...

inflation-anchoring countries reached the lower bound of zero rates, resulting in inflation rates decreasing to almost zero or even deflation. As of 2023, the...

reciprocal of the Fisher information is a lower bound on its variance. An unbiased estimator that achieves this bound is said to be (fully) efficient. Such...

due to the increasing value of cash. This phenomenon is known as the zero lower bound. In 2013, BoJ implemented the Quantitative and Qualitative Monetary...

characteristics of a liquidity trap are interest rates that are close to zero lower bound and changes in the money supply that fail to translate into changes...

still estimates produced by various private institutions. MZM: Money with zero maturity. It measures the supply of financial assets redeemable at par on...

necessary consequence of optimal monetary policy or zero interest-rate policy. The zero lower bound problem can be mitigated with helicopter money. In...

is another significant reserve currency, though its share is typically lower than the euro or yuan, usually around 4% to 5%. The British pound sterling...

target. Such policy option could be particularly effective at the zero lower bound. Since 2017, prospect of implementing Central Bank Digital Currency...

Majorana fermions can be bound to a defect at zero energy, and then the combined objects are called Majorana bound states or Majorana zero modes. This name is...

The SNB has defended these interventions as they made “sense at the zero lower bound when the traditional monetary policy instrument is exhausted”. Some...

Bank rate List Discount rate IS–LM model Liquidity trap Prime rate Zero lower bound Inflation targeting Monetary policy Contractionary monetary policy...

Bank rate List Discount rate IS–LM model Liquidity trap Prime rate Zero lower bound Inflation targeting Monetary policy Contractionary monetary policy...

of liquidity trap, when central banks have reached the so-called "zero lower bound". Friedman himself refers to financing transfer payments with base...

stimulus can have substantial effects on output, particularly at the zero lower bound. Steinsson is married to fellow economist and frequent co-author Emi...

Bank rate List Discount rate IS–LM model Liquidity trap Prime rate Zero lower bound Inflation targeting Monetary policy Contractionary monetary policy...

decade (2010 onwards) following the situation of 0 interest rate (i.e., Zero Lower Bound - ZLB) in the western countries. By 2016, following the economic downturn...

lower bound (often abbreviated ELBO, also sometimes called the variational lower bound or negative variational free energy) is a useful lower bound on...

become ineffective, because policy interest rates are approaching the zero lower bound or a liquidity trap has developed, in which the financial system is...

Bank rate List Discount rate IS–LM model Liquidity trap Prime rate Zero lower bound Inflation targeting Monetary policy Contractionary monetary policy...

Bank rate List Discount rate IS–LM model Liquidity trap Prime rate Zero lower bound Inflation targeting Monetary policy Contractionary monetary policy...

lower bound of S {\displaystyle S} , then b is less than or equal to the infimum of S {\displaystyle S} . Consequently, the term greatest lower bound...

Bank rate List Discount rate IS–LM model Liquidity trap Prime rate Zero lower bound Inflation targeting Monetary policy Contractionary monetary policy...

Bank rate List Discount rate IS–LM model Liquidity trap Prime rate Zero lower bound Inflation targeting Monetary policy Contractionary monetary policy...

Bank rate List Discount rate IS–LM model Liquidity trap Prime rate Zero lower bound Inflation targeting Monetary policy Contractionary monetary policy...

funds rate reaches the boundary of an interest rate of 0%, called the zero lower bound, the government resorts to unconventional monetary policy to stimulate...

2353-2392 (with Alp Simsek) Global Imbalances and Policy Wars at the Zero Lower Bound (with Emmanuel Farhi and Pierre-Olivier Gourinchas) Review of Economic...

1929)) (18 May 2015): How binding is the zero lower bound?; delivered at the conference “Removing the zero lower bound on interest rates”, organised by Imperial...