{"id":625,"date":"2015-08-17T16:23:19","date_gmt":"2015-08-17T15:23:19","guid":{"rendered":"http:\/\/blogs.kent.ac.uk\/economics\/?p=625"},"modified":"2020-03-17T12:16:54","modified_gmt":"2020-03-17T12:16:54","slug":"monetary-policy-at-the-zero-lower-bound","status":"publish","type":"post","link":"https:\/\/blogs.kent.ac.uk\/economics\/2015\/08\/17\/monetary-policy-at-the-zero-lower-bound\/","title":{"rendered":"Monetary policy at the zero lower bound"},"content":{"rendered":"<p>Does monetary policy really face a zero lower bound or could policy rates be pushed materially below zero per cent? And would the benefits of reforms to achieve negative policy rates outweigh the costs?<\/p>\n<p>A\u00a0column in Vox, which\u00a0reports the views of the leading UK-based macroeconomists, including the School&#8217;s Professor Jagjit Chadha, suggests that there is no strong support for reforming the monetary system to allow policy rates to be set at negative levels. <a href=\"http:\/\/www.voxeu.org\/article\/monetary-policy-zero-lower-bound\">Click here<\/a> to read the full article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Does monetary policy really face a zero lower bound or could policy rates be pushed materially below zero per cent? And would the benefits of &hellip; <a href=\"https:\/\/blogs.kent.ac.uk\/economics\/2015\/08\/17\/monetary-policy-at-the-zero-lower-bound\/\">Read&nbsp;more<\/a><\/p>\n","protected":false},"author":37654,"featured_media":50,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[94122,70,9871],"tags":[],"_links":{"self":[{"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/posts\/625"}],"collection":[{"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/users\/37654"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/comments?post=625"}],"version-history":[{"count":1,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/posts\/625\/revisions"}],"predecessor-version":[{"id":626,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/posts\/625\/revisions\/626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/media\/50"}],"wp:attachment":[{"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/media?parent=625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/categories?post=625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/tags?post=625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}