Hey I am on Medial • 2d
The zero interest rate trap is the key insight here…once you hit the zero lower bound, traditional monetary policy becomes useless. This is why Bernanke studied Japan so intensively before 2008 - he was terrified of repeating their mistakes.
Trying to do better • 2m
Exploring Negative Interest Rate Policy (NIRP) Have you ever wondered about central banks setting interest rates below zero? This is known as Negative Interest Rate Policy (NIRP). Here's a quick look at this unconventional monetary tool: ✍️ What is i
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