Wang, Guizhou; Hausken, Kjell - In: Cogent economics & finance 10 (2022) 1, pp. 1-23
Central Bank Digital Currencies (CBDCs) enable negative interest rates. A game is analyzed between a central bank … central bank chooses negative interest rate when it realizes that the household is willing to pay the central bank for holding … for the following results: The central bank chooses more negative interest rate when the household’s output elasticity for …