Publications

In the Media | April 2016

Update 1—Negative Rates Not Needed in US for Now—ECB's Constancio

By Richard Leong
Reuters, April 13, 2016. All Rights Reserved.

Negative deposit rates are not required as a monetary fix for the United States at the moment, in contrast with the euro zone, which is struggling with deflation risk, a top European Central Bank official said on Wednesday.

The U.S. economy, while far from robust, has been growing at a steady pace, and has seen some improvement in price growth since hitting a post-crisis low earlier this year....

Read more: http://www.reuters.com/article/ecb-policy-constancio-negativerates-idUSL2N17G2GK

Publication Highlight

Working Paper No. 1050
Macroeconomic Effects of a Government Overdraft on Its Central Bank Account
Author(s): Tarron Khemraj
May 2024

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