TY  - JOUR
A1  - Bletzinger, Tilman
A1  - Wieland, Volker
T1  - Lower for longer: the case of the ECB
T2  - Economics letters
N2  - Research has suggested that monetary policy acts asymmetrically near zero interest rates. We match past ECB decisions with a simple forecast-based reaction function. The policy easing that started in 2013 has led to a deviation indicating a “lower for longer” approach.
KW  - Monetary policy
KW  - Interest rates
KW  - European Central Bank
KW  - Forward guidance
KW  - Zero lower bound
Y1  - 2017
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/77327
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-773271
SN  - 0165-1765
VL  - 159
SP  - 123
EP  - 127
PB  - Elsevier
CY  - Amsterdam
ER  -