Skip to content


You can search for issues by filtering search data. You can filter articles by issue, by topic or by time range.

2 articles

How can we avoid a negative equilibrium of low growth and low inflation?

Slower-than-target inflation and a persistent decline in inflation expectations are key challenges for monetary policy. A negative equilibrium of prolonged low inflation and zero interest rates would fundamentally weaken monetary policy’s room for manoeuvre in balancing fluctuations in the economic cycle.

Download list