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Negative Interest rates: Impossible Irrational or Just Unusual
As central banks continue to lower the interest rates that they control, the zero bound no longer seems to be an impediment. Negative interest rates boggle the mind and this is my attempt to make sense of the phenomena and move on.
Slides: http://www.stern.nyu.edu/~adamodar/pd...
Blog Post: http://bit.ly/2294NhR
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