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Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates

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journal contribution
posted on 01.01.2010, 00:00 by Bennett T. McCallum
The object of this paper is to explore theoretical issues relating to the idea that there exists a zero lower bound on nominal interest rates and to the possibility that such a bound might interfere with the conduct of monetary policy in an environment of low inflation.

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01/01/2010

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