Date of Original Version

4-2000

Type

Article

Rights Management

The definitive version is available at www3.interscience.wiley.com

Abstract or Description

The object of this paper is to explore theoretical issues relating to the idea that there exists a zero lower bound on nominal interest rates and to the possibility that such a bound might interfere with the conduct of monetary policy in an environment of low inflation.

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Published In

Journal of Money, Credit, and Banking , 32, 870-904.