Don’t do it again! The Swedish experience with negative central bank rates in 2015-2019

Forskningsoutput: Övriga bidragWebbpublicering/bloggpost

Abstract

Negative interest rates were once seen as impossible outside the realm of economic theory. However, recently several central banks have imposed such rates, with prominent economists supporting this move. This column investigates the actual effects of negative interest rates, taking evidence from the Swedish experience during 2015-2019. It is evident that the policy’s effect on the inflation rate was modest, and that it contributed to increased financial vulnerabilities. The lesson from the experiment is clear: Do not do it again.

Detaljer

Författare
Enheter & grupper
Forskningsområden

Ämnesklassifikation (UKÄ) – OBLIGATORISK

  • Nationalekonomi

Nyckelord

  • monetary policy, negative interest rates, Riksbank, Sweden
Originalspråkengelska
Förlagvoxeu.org
StatusPublished - 2020 maj 8
PublikationskategoriForskning
Peer review utfördNej