Monetary Policy Alternatives at the Zero Bound: An Empirical Assessment

by Ben S. Bernanke, Vincent R Reinhart, and Brian P Sack

The success of central banks at reducing inflation through lowering interest rates has increased the likelihood that rates could bottom out at zero during a recession. Ben Bernanke--"the nominee to replace Alan Greenspan as Fed Chairman--"and his coauthors look at the effectiveness of unconventional measures available to monetary policymakers "at the zero bound."

• ISBN10: 0815708939
• ISBN13: 9780815708933
• Publish Date: 1 March 2006
• Publish Status: Active
• Publish Country: US
• Imprint: Brookings Institution
• Format: Paperback (US Trade)
• Language: English