THE NATURAL INTEREST RATE FALLACY : WHY NEGATIVE INTEREST RATE POLICY MAY WORSEN KEYNESIAN UNEMPLOYMENT?
Negative interest rate policy (NIRP) has quickly become a consensus policy within the economics establishment. This paper argues that consensus is dangerously wrong, resting on flawed theory and flawed policy assessment. Regarding theory, NIRP draws on fallacious pre-Keynesian classical economic log...
| Veröffentlicht in: | Investigación Económica. - Facultad de Economía, Universidad Nacional Autónoma de México (UNAM). - 77(2018), 304, Seite 7-39 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2018
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| Zugriff auf das übergeordnete Werk: | Investigación Económica |
| Schlagworte: | NIRP zero lower bound investment saturation PTIN límite inferior cero saturación de inversión Economics Business |
| Online verfügbar |
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