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...
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| Publicado en: | Investigación Económica |
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| Autor Principal: | |
| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado: |
Universidad Nacional Autónoma de México
2018
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| Acceso en liña: | https://www.redalyc.org/articulo.oa?id=60157367003 https://www.redalyc.org/journal/601/60157367003/ https://www.redalyc.org/journal/601/60157367003/html/ https://www.redalyc.org/journal/601/60157367003/60157367003.epub https://www.redalyc.org/journal/601/60157367003/movil |
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