English, Article edition: Monetary policy in a zero-interest-rate economy Evan F. Koenig; Jim Dolmas

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Monetary policy in a zero-interest-rate economy
Author
  • Evan F. Koenig
  • Jim Dolmas
Physical Description
  • article
Notes
  • RePEc:fip:feddse:y:2003:i:jul:p:1-516:n:4
  • If short-term interest rates fall toward zero, it may be necessary for the Fed to rethink how it conducts monetary policy. In this document, we examine why conventional policy loses its effectiveness at very low interest rates, and review some of the alternative policy tools that are available. We’re hopeful that this entire discussion will prove to be academic - that our economy’s natural resilience, together with the easing the Fed has already undertaken, will be sufficient to get employment and output growing again. But it’s nice to know that if additional stimulus is required, there are still arrows left in the quiver.
  • Interest rates ; Deflation (Finance) ; Foreign exchange rates ; Monetary policy
  • RePEc:fip:feddin:y:2003:i:may
Language
  • English
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