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The Negative Rates Club

Gros, Daniel, (2016), “The Negative Rates Club”, Project Syndicate, 9 Φεβρουαρίου

For the better part of a decade, central banks have been making only limited headway in curbing powerful global deflationary forces. Since 2008, the US Federal Reserve has maintained zero interest rates, while pursuing multiple waves of unprecedented balance-sheet expansion through large-scale bond purchases.

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