Explain what is meant by the ‘Zero Lower Bound’ in relation to interest rates and suggest how it might be avoided.

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter15: Monetary Policy
Section15.1: Tansmission Mechanism
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7) Explain what is meant by the ‘Zero Lower Bound’ in relation to interest rates and suggest how it might be avoided.

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