The current state of the world economy and the extraordinary experience of negative nominal interest rates are the outcome of a number of overlaying factors. To understand the implications of negative interest rates it is worth considering the difference between the short run and the longer run.
http://www.brookings.edu/research/opinions/2016/02/17-unreal-interest-rates-real-demand-mckibbin
I-BRIDGE's blog (Link Campus University's Research Centre on Global Affairs) - editor, Marco Emanuele - Critical thinking, complexity, international relations (Twitter, @Glob_Eye - Facebook, https://www.facebook.com/marco.emanuele.50)
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