Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen:
https://hdl.handle.net/10419/51360
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Ilgmann, Cordelius | en |
dc.contributor.author | Menner, Martin | en |
dc.date.accessioned | 2011-11-17 | - |
dc.date.accessioned | 2011-11-17T16:40:12Z | - |
dc.date.available | 2011-11-17T16:40:12Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | http://hdl.handle.net/10419/51360 | - |
dc.description.abstract | Given the renewed interest in negative interest rates as a means for overcoming the zero bound on nominal interest rates, this article reviews the history of negative nominal interest rates and gives a brief survey over the current proposals that received popular attention in the wake of the financial crisis of 2007/08. It is demonstrated that taxing money proposals have a long intellectual history and that instead of being the conjecture of a monetary crank, they are a serious policy proposal. In a second step the article points out that, besides the more popular debate on a Gesell tax as a means to remove the zero bound on nominal interest rates, there is a class of neoclassical search-models that advocates a negative tax on money as efficiency enhancing. This strand of the literature has so far been largely ignored by the policy debate on negative interest rates. | en |
dc.language.iso | eng | en |
dc.publisher | |aWestfälische Wilhelms-Universität Münster, Centrum für Angewandte Wirtschaftsforschung (CAWM) |cMünster | en |
dc.relation.ispartofseries | |aCAWM Discussion Paper |x43 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | negative interest rates | en |
dc.subject.keyword | history of economic thought | en |
dc.subject.keyword | Silvio Gesell | en |
dc.subject.keyword | zero bound | en |
dc.subject.keyword | search-theoretical models | en |
dc.subject.keyword | monetary policy | en |
dc.title | Negative nominal interest rates: History and current proposals | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 672467909 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:cawmdp:43 | en |
Datei(en):
Publikationen in EconStor sind urheberrechtlich geschützt.