Nominal interest rate monetary policy
2 Nov 2016 Does the monetary tactic of cutting rates to below zero actually work? normal monetary policy practice of moving the short-term interest rate in In countries where the inflation rate is higher than nominal interest rates, real 19 Oct 2003 In many ways, US monetary policy and nominal interest rate levels functioned as a nominal anchor, and to a large extent governed global Nominal interest rates cannot be negative, so that censored regression methods like Tobit estimation have to be used to achieve unbiased estimates. We use IV-