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Since 2010, nominal policy rates of central banks in most advanced economies have been close to zero. This is referred to as the zero lower bound on interest rates or as the liquidity trap. →

Since 2010, nominal policy rates of central banks in most advanced economies have been close to zero. This is referred to as the zero lower bound on interest rates or as the liquidity trap. →

Three lessons may be drawn from seven years of financial crisis. →

Three lessons may be drawn from seven years of financial crisis. →

Three lessons may be drawn from seven years of financial crisis. →

Large banks derive a funding advantage from being too-big-to-fail, while small banks do not. →

Large banks derive a funding advantage from being too-big-to-fail, while small banks do not. →

This CPB Discussion Paper proposes indicators to assess government debt sustainability. Sustainable government finances can be achieved via three main channels: fiscal responses, economic growth and financial repression. →

This CPB Discussion Paper proposes indicators to assess government debt sustainability. Sustainable government finances can be achieved via three main channels: fiscal responses, economic growth and financial repression. →

This CPB Discussion Paper proposes indicators to assess government debt sustainability. Sustainable government finances can be achieved via three main channels: fiscal responses, economic growth and financial repression. →