-
Recent Posts
- Are ECB’s Greek bond purchases really irrelevant for the private sector?
- Is Greg getting bailed out by his rich uncle?
- Taylor legislation? Rules versus discretion misunderstood
- Partisanship and dismal economics blogging
- Chris Auld’s 18 signs
- The case for negative nominal interest rates and how to attain them: Revisiting the Buiter-Eisler approach
- No Negative Rates in Euroland (yet)
- Reinhart and Rogoff’s coding mistake: Much Ado About Nothing
Related
Archives
What is going on here?
American Economic Review Ben Bernanke Central bank governance Central bank independence central banks Christopher A. Sims debt crisis debt rating Economic schools economists' joke Euro European Central Bank European Union Federal funds rate Federal Open Market Commitee Federal Reserve Financial crisis Fiscal multiplier Fiscal stimulus forecasting Gavin Davies Government bonds inflation Inflation targeting interest rate Jean Claude Trichet John B. Taylor John Cochrane John Maynard Keynes Lars Svensson Mario Draghi Michael Woodford Milton Friedman N. Gregory Mankiw New-Keynesian models Nobel Prize Paul Krugman policy rules Public debt Quantitative easing Ramsey model Ricardian Equivalence Securities Markets Programme seigniorage Standard & Poor's Taylor rule Thomas J. Sargent Treaty on European Union Unconventional monetary policy United StatesOther economics/ economists' blogs:
(Needless to say, I do not necessarily agree with them or endorse them.)
Tag Archives: monetary reform
The case for negative nominal interest rates and how to attain them: Revisiting the Buiter-Eisler approach
Recently, I discovered that the debate on possibly removing the zero lower bound on nominal interest rates is quite hot in some blog circles in the US. For example, Miles Kimball is writing a lot about it these days, and I thought I would chime in with a piece I did on the issue a few years ago. It was written for a students’ blog at my department in Danish, and took the form of a run through of the arguments as Willem Buiter had presented them. Hence the title “Willem and the negative nominal interest rates”. Actually, Miles Kimball encouraged me to translate the Danish version, and I thank … Continue reading
Posted in Economic Sciences, Macroeconomics, Monetary policy
Tagged Miles Kimball, monetary reform, negative interest rates, Robert Eisler, Silvio Gesell, Willem Buiter
Comments Off on The case for negative nominal interest rates and how to attain them: Revisiting the Buiter-Eisler approach
