The Curse of Cash¶
Rogoff, K. S. (2016). The Curse of Cash. Princeton University Press.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Domain-specific¶
- Secular Stagnation
- A central bank committed to price stability cannot, under conventional policy frameworks, lower nominal rates much below zero without triggering currency hoarding or regulatory distortion
This sourceRogoff's argument that paper currency constrains how far below zero central banks can take policy rates, and that phasing it out would permit effective negative rates.
Supported in partVerified against the source
- A central bank committed to price stability cannot, under conventional policy frameworks, lower nominal rates much below zero without triggering currency hoarding or regulatory distortion
Verification¶
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