Zero lower bound - Revision history

imported>Doug Williamson: Add link.

2022-01-23T05:54:38Z

Add link.

← Older revision		Revision as of 05:54, 23 January 2022
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	* [[Discount rate]]		* [[Discount rate]]
	* [[Effective lower bound]]		* [[Effective lower bound]]
			* [[Inflation target]]
	* [[Interest on excess reserves]]		* [[Interest on excess reserves]]
	* [[Interest rate]]		* [[Interest rate]]

imported>Doug Williamson: Expand definition.

2020-06-08T19:47:11Z

Expand definition.

← Older revision		Revision as of 19:47, 8 June 2020
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	Zero lower bound is an assumption that interest rates should not be, or cannot be, lower than zero.		Zero lower bound is an assumption that interest rates should not be, or cannot be, lower than zero.

			The assumption is that, if interest rates were negative, then - among other undesirable effects - physical cash would be hoarded (because it would be financially beneficial to hold physical cash, rather than depositing it).


	In practice, a number of central banks have implemented negative official interest rates.		In practice, a number of central banks have implemented negative official interest rates.

imported>Doug Williamson: Add alternative abbreviation.

2020-06-08T14:30:55Z

Add alternative abbreviation.

← Older revision		Revision as of 14:30, 8 June 2020
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	For example, the European Central Bank fixed a negative rate in 2014 for interest on excess reserves.		For example, the European Central Bank fixed a negative rate in 2014 for interest on excess reserves.


			Sometimes expressed as Zero Nominal Lower Bound (ZNLB), emphasising that the rates in question are conventional nominal interest rates (rather than inflation adjusted 'real' rates).


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	* [[Open market operations]]		* [[Open market operations]]
	* [[Quantitative easing ]]		* [[Quantitative easing ]]
			* [[Real]]
	* [[Reserve requirements]]		* [[Reserve requirements]]
	* [[Unconventional monetary policy]]		* [[Unconventional monetary policy]]

imported>Doug Williamson: Expand definition.

2020-06-08T14:21:56Z

Expand definition.

← Older revision		Revision as of 14:21, 8 June 2020
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	In practice, a number of central banks have implemented negative official interest rates.		In practice, a number of central banks have implemented negative official interest rates.

	For example, the European Central Bank fixed a negative rate in 2014.		For example, the European Central Bank fixed a negative rate in 2014 for interest on excess reserves.


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	* [[Reserve requirements]]		* [[Reserve requirements]]
	* [[Unconventional monetary policy]]		* [[Unconventional monetary policy]]
	* [[~~Zero lower bound~~]]		* [[ZLB problem]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Create page. Sources: linked pages, Europa webpage https://www.ecb.europa.eu/press/key/date/2015/html/sp150519.en.html

2020-06-08T14:21:12Z

Create page. Sources: linked pages, Europa webpage https://www.ecb.europa.eu/press/key/date/2015/html/sp150519.en.html

New page

''Monetary policy - interest rates''.

(ZLB).

Zero lower bound is an assumption that interest rates should not be, or cannot be, lower than zero.

In practice, a number of central banks have implemented negative official interest rates.

For example, the European Central Bank fixed a negative rate in 2014.

== See also ==
* [[Discount rate]]
* [[Effective lower bound]]
* [[Interest on excess reserves]]
* [[Interest rate]]
* [[Keynesianism]]
* [[Monetary policy]]
* [[Money supply]]
* [[Nominal]]
* [[Open market operations]]
* [[Quantitative easing ]]
* [[Reserve requirements]]
* [[Unconventional monetary policy]]
* [[Zero lower bound]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Identify_and_assess_risks]]
[[Category:Risk_frameworks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]