1 Ergebnis.

Central banks play a vital role in the global economy, using monetary policy tools to manage inflation and promote economic growth. However, when short-term interest rates reach zero, central banks face a challenge known as the zero lower bound (ZLB). At the ZLB, conventional monetary policy tools such as interest rate cuts become ineffective, limiting the central bank's ability to stimulate the economy. The global financial crisis of 2008 pus...