G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16016
DP16016 Negative Interest Rate Policies: A Survey
Luis Brandao-Marques; Marco Casiraghi; Gunes Kamber; Roland Meeks
发表日期2021-04-08
出版年2021
语种英语
摘要This paper surveys studies on the impact of central bank negative interest rate policies (NIRP). It reviews recent research on the effects of NIRP on financial markets, banks, households, firms, and the macroeconomy. Overall, policy rate cuts when interest rates are negative propagate along the yield curve, with the first policy cut below zero contributing significantly to the fall in longer-term yields. Lending and deposit rates also decrease following the adoption of NIRP. Based on the experience so far, bank lending volumes have risen, and bank profits have not significantly deteriorated, although there is considerable heterogeneity in the effects. The impact of NIRP on inflation and output appears to be comparable to that of conventional interest rate cuts.
主题International Macroeconomics and Finance ; Monetary Economics and Fluctuations
关键词Negative interest rates monetary policy Bank lending Bank profitability Nonbank financial institutions
URLhttps://cepr.org/publications/dp16016
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/544999
推荐引用方式
GB/T 7714
Luis Brandao-Marques,Marco Casiraghi,Gunes Kamber,et al. DP16016 Negative Interest Rate Policies: A Survey. 2021.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Luis Brandao-Marques]的文章
[Marco Casiraghi]的文章
[Gunes Kamber]的文章
百度学术
百度学术中相似的文章
[Luis Brandao-Marques]的文章
[Marco Casiraghi]的文章
[Gunes Kamber]的文章
必应学术
必应学术中相似的文章
[Luis Brandao-Marques]的文章
[Marco Casiraghi]的文章
[Gunes Kamber]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。