Re:Fed Ends Zero-Rate Era
by shawn-furyan on Wednesday December 16, 2015 @05:19PM
(#10747801)
I think mainstream macro acknowledges that negative rates can be needed to spur demand even though there isn't a good mechanism for achieving negative rates. The zero bound is pretty much a 'natural' restriction that doesn't have anything to do with just how much people want to hang on to their capital in times of uncertainty.
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