Negative Interest Rate Policy, the Effective Lower Bound, and Cash
Interest rates are a policy tool, a signal, and, most fundamentally, a price: the price for tomorrow’s money, today. As…
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Europe’s Sputtering Motor?
The biggest economy in Europe has seen yet another increase in its unemployment rate, much more significant than its previous…
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Another Headache for the EU
The Eurozone has found another focus in its continuing debt crisis as Cyprus squabbles over discussions of a proposed bailout…
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