Media contributions
1Media contributions
Title Evidence of a macroeconomic reversal rate Media name/outlet Suerf Country/Territory Netherlands Date 14/07/21 Description Our research finds that expansionary monetary policy in the euro area becomes less effective in a low interest rate environment. The usual substitution effect on spending seems then to be weaker relative to the income effect. This points towards the existence of a macroeconomic reversal interest rate and sheds new light on changes in the monetary policy transmission mechanism at the effective lower bound (ELB). URL https://www.suerf.org/publications/suerf-policy-notes-and-briefs/evidence-of-a-macroeconomic-reversal-rate/ Persons Jan Willem van den End, Paul Konietschke, Anna Samarina, Irina Stanga