Monday, April 20, 2020

Greater Focus on Fiscal Policy

At the time when the interest rate is declining, in some countries even negative, monetary policy is no longer an effective policy tools.
Riksbank has the story.
There is also a recent article on the cost of negative rates here, published April 2020.

Sveriges Riksbank" by AMEP - MostphotosPic. Sveriges Riskbank

Pic. Data from Bloomberg 2019

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