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SECULAR STAGNATION AND THE NEGATIVE INTEREST RATE CONUNDRUM: INTERNATIONAL ANALYSIS OF THE PERIOD 2010-2019

Christopher E.S. Warburton

Applied Econometrics and International Development2021article
ABDC C
Weight
0.26

What the paper says

The negative interest rate policy (NIRP), which is an unconventional monetary policy, is increasingly being diagnosed for symptoms of secular stagnation as some central banks exploit anticipatory inflation to achieve full employment. Notwithstanding, the efficacy of the unconventional monetary policy (UMP) is precarious and rather ambivalent. This paper argues that NIRP is unsuitable for structural (long-term) macroeconomic problems and that its adoption generates inconsistent and precarious results that are transient and potentially harmful.

Cite this paper

@article{christopher2021,
  title        = {{SECULAR STAGNATION AND THE NEGATIVE INTEREST RATE CONUNDRUM: INTERNATIONAL ANALYSIS OF THE PERIOD 2010-2019}},
  author       = {Christopher E.S. Warburton},
  journal      = {Applied Econometrics and International Development},
  year         = {2021},
}

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SECULAR STAGNATION AND THE NEGATIVE INTEREST RATE CONUNDRUM: INTERNATIONAL ANALYSIS OF THE PERIOD 2010-2019

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Evidence weight

0.26

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.