What Are the Effects of the ECB’s Negative Interest Rate Policy?

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	What Are the Effects of the ECB’s Negative Interest Rate Policy?
	Grégory Claeys
	2021-06-09
出版年	2021
国家	欧洲
领域	资源环境
英文摘要	1.1 Mb Download PDF The original paper is available on the European Parliament’s webpage, as part of a series of papers on “Low for Longer: Effects of Prolonged Negative Interest Rates”. Copyright remains with the European Parliament at all times. Several central banks, including the European Central Bank since 2014, have added negative policy rates to their toolboxes after exhausting conventional easing measures. It is essential to understand the effects on the economy of prolonged negative rates. This paper explores the potential effects (and side effects) of negative rates in theory and examines the evidence to determine what these effects have been in practice in the euro area. This paper was prepared for the European Parliament’s Committee on Economic and Monetary Affairs (ECON) as an input to the Monetary Dialogue of 21 June 2021 between ECON and the President of the European Central Bank.
URL	查看原文
来源平台	Bruegel
文献类型	科技报告
条目标识符	http://119.78.100.173/C666/handle/2XK7JSWQ/329990
专题	资源环境科学
推荐引用方式 GB/T 7714	Grégory Claeys. What Are the Effects of the ECB’s Negative Interest Rate Policy?,2021.