Paths to the Fixed-Rate Model—How, Where, and When?
Burkhard Wehner ()
Chapter Chapter 4 in Towards the Next Revolution in Central Banking, 2021, pp 49-54 from Springer
Abstract:
Abstract That stable long-term nominal interest rates could be beneficial to the economy is generally undisputed, but if central banks have ever tried to reach this goal in the past, they have not been sustainably successful.
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-85766-0_4
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DOI: 10.1007/978-3-030-85766-0_4
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