18 Misconceptions about Eliminating the Zero Lower Bound

Update: Link to “21 Misconceptions about Eliminating the Zero Lower Bound (or Any Effective Lower Bound)” as revised for my December 20, 2016 presentation at the Federal Reserve Bank of Kansas City

Yesterday I spoke on a panel about practical details of negative interest rates at an amazing conference in London entitled “Removing the Zero Lower Bound on Interest Rates,” sponsored by the Imperial College Business School, the Brevan Howard Centre for Financial Analysis, the Centre for Economic Policy Research (CEPR) and the Swiss National Bank.  

Today, I am giving one of several keynote speeches at the Bank of England’s Chief Economists’ Workshop, subtitled “The Future of Money.” It is entitled “18 Misconceptions about Eliminating the Zero Lower Bound (or Any Effective Lower Bound).” Here is the link to the Powerpoint file (in 16:9 aspect ratio). This presentation supplements, rather than replacing, my Powerpoint file “Breaking Through the Zero Lower Bound,” which you can see here, along with all of the places I have given it or the presentation above.

Let me also point you to my bibliographic post 

which has a full set of links to posts and columns I have written about negative interest rates, eliminating the zero lower bound, and electronic money.

Some of my more recent additions to work on eliminating the zero lower bound are 

The last three are based on interviews with the Zurich-based online magazine Finanz und Wirtschaft (which can be translated and Finance and Economics), and give many details about implementation.