It has been widely debated what a central bank should do to stimulate the economy when
the nominal interest rate is at the zero lower bound (ZLB). The optimal monetary policy …

The thesis provides case study research on the feasibility of the negative in-terest rate policy
in the context of the Czech Republic. No major obstacles opposing the policy itself were …

The main aim of this study is to examine the behaviour of main macroeconomic variables
under some interest rate rules and a forward guidance rule in a cost channel economy1 in …

This thesis examines how differently various monetary policy strategies affect
macroeconomic conditions in the presence of the zero lower bound on nominal interest …