آليات تبليغ أثرالسياسة النقدية عند الفائدة الصفرية و السالبة

الملخص EN

The interest rate is one of the most effective and rapid tools in transferring the monetary-policy impact to components of economic activity, which a group of advanced-country central banks has taken actions that will replace conventional monetary policy, as after the recent financial crisis, unconventional monetary policies were forced to mitigate the consequences of the crash and facilitate economic recovery, when traditional monetary-policy transmission channels were no longer effective to support real economic activity, including zero-interest-rate policy, and then negative interest rates, in order to stimulate full employment and revenue structures and revenue.