The effects of negative interest rates on the monetary transmission mechanism – The case of Switzerland
In this article we study how the monetary transmission mechanism (the process through which monetary policy affects aggregate demand and inflation) alters when the nominal interest rates become negative, through the case of Switzerland. The results of our models show that the effectiveness of the i...
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| Format: | Article |
| Language: | English |
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Corvinus University of Budapest
2019-11-01
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| Series: | Köz-gazdaság |
| Online Access: | http://retp.eu/index.php/retp/article/view/178 |