Negative Interest Rate Policy (NIRP): History and Arguments for and against

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F02819180%3A_____%2F21%3A%230000141" target="_blank" >RIV/02819180:_____/21:#0000141 - isvavai.cz</a>
Result on the web
<a href="http://sehs.cz/?page_id=2&lang=cs" target="_blank" >http://sehs.cz/?page_id=2&lang=cs</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Negative Interest Rate Policy (NIRP): History and Arguments for and against
Original language description
The paper deals with the history and main pros and cons arguments of an unconventional monetary policy used by a central bank or other monetary authority that falls out of line with traditional measures. Until recently, the introduction of negative interest rates was unthinkable in economic practice. From the point of view of economists, there is no unified opinion on this unconventional monetary policy, and we encounter different attitudes and policies of central banks. Thus, this paper contains not only arguments for, but also arguments against and compares the two opposing views on the negative interest rate policy. There is a debate on effective macroeconomic policy instruments and some pitfalls can be observed also at the scientific level.
Czech name
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Czech description
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Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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