A analysis paper printed by the Federal Reserve Financial institution of San Francisco exhibits how destructive rates of interest might grow to be an necessary coverage software for combating future financial downturns. The paper examines the market response to the introduction of destructive rates of interest by 5 main central banks.
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Fed Research Negative Rates as Essential Policy Tool
The Federal Reserve Financial institution of San Francisco printed a analysis paper final week exploring the consequences of central banks introducing destructive rates of interest. The paper, entitled “Yield Curve Responses to Introducing Negative Policy Rates,” is authored by Jens H.E. Christensen, a analysis advisor within the Financial Research Division of the Federal Reserve Financial institution of San Francisco. This division conducts analysis on a variety of matters in assist of the Federal Reserve Financial…