Browsing Norges Banks vitenarkiv by Author "Eggertsson, Gauti B."

Now showing items 1-1 of 1

    • Negative Nominal Interest Rates and the Bank Lending Channel 

      Eggertsson, Gauti B.; Juelsrud, Ragnar E.; Summers, Lawrence H.; Wold, Ella Getz (Working Paper;4/2019, Working paper, 2019)
      Following the crisis of 2008, several central banks engaged in a new experiment by setting negative policy rates. Using aggregate and bank level data, we document that deposit rates stopped responding to policy rates once ...