HH Central Banks See No Way Out Of The Low Interest Rate Trap

2.Isabel Schnabel, "The ECB’s Monetary Policy during the coronavirus Crisis—Necessary, Suitable and Proportionate" (speech given at the Petersberger Sommerdialog, Frankfurt am Main, June 27, 2020).

3.Ludwig von Mises, Theorie des Geldes und der Umlaufmittel (Munich: Verlag von Duncker und Humblot, 1912); and Friedrich August von Hayek, Prices and Production (New York: August M. Kelly Publishers, 1931).

4.Claudio Borio and William White, "Whither Monetary and Financial Stability? The Implications of Evolving Policy Regimes" (BIS Working Paper No. 147, 2004).

5.See Michael Biggs and Thomas Mayer, "How Central Banks Contributed to the Financial Crisis," VoxEU.org, Sept. 10, 2012.

6.Thomas Mayer and Gunther Schnabl, "COVID-19 and the Euthanasia of Interest Rates: A Critical Assessment of Central Bank Policy in Our Times," Journal of Policy Modeling 43 (2021).

7.Ryan Banerjee and Boris Hofmann, "Corporate Zombies: Anatomy and Life Cycle" (BIS Working Paper No. 882, 2020).

8.Thomas Mayer, "A Digital Euro to Save EMU." VoxEu.org, Nov. 6, 2019.

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Beating Buffett 2 months ago Member's comment

Good read, thanks.