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Tag Archives: Robert Eisler
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
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