Bargel, Marco - In: Vierteljahrshefte zur Wirtschaftsforschung 85 (2016) 1, pp. 81-94
By means of unconventional measures such as negative policy rates and bond purchases, monetary policy has made a … likelihood of asset price and debt bubbles when monetary policy reacts in an asymmetric way to financial booms and busts …, promoting speculative behavior in markets. Low interest rates can ultimately become self-reinforcing, impairing the central bank’s …