Rafael B De Rezende

Bank of England

Threadneedle Street

London, EC2R 8AH

United Kingdom

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A Shadow Rate without a Lower Bound Constraint

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A Shadow Rate without a Lower Bound Constraint

Bank of England Working Paper No. 864
Number of pages: 48 Posted: 01 Jun 2020
Rafael B De Rezende and Annukka Ristiniemi
Bank of England and Sveriges Riksbank
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Abstract:

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Monetary policy stance, unconventional monetary policy, term structure of interest rates, short-rate expectations, term premium, exchange rates