“Interest Rate Trap”, or Why Does the Central Bank Keep the Policy Rate Too Low for Too Long?

DOI10.1111/SJOE.12118zbMath1397.91431OpenAlexW3122832325MaRDI QIDQ4683622

Gerhard Illing, Jin Cao

Publication date: 21 September 2018

Published in: The Scandinavian Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/sjoe.12118

zbMATH Keywords

systemic riskmacroprudential regulationinterest rate trapliquidity requirementsrisk-taking channel

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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