Marvin Goodfriend on BOJ's Approach to Negative Rates

The video discusses the concept of negative interest rates, focusing on the Bank of Japan's (BoJ) policy and its implications. It highlights the challenges faced by Japan due to negative rates, such as currency appreciation and savings impact. The discussion extends to global recession concerns and the role of monetary policy in stabilization. The video emphasizes the need for unencumbered monetary policy to address economic challenges effectively.

What are the implications of a negative interest rate policy on borrowers and savers?

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How did Governor Corona's approach to negative rates differ from traditional policies?

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What concerns do the public have regarding long-term bond rates?

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In what ways might the Bank of Japan attempt to stabilize the long bond rate?

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What challenges arise from maintaining negative interest rates in Japan?

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How does the flattening of the yield curve affect economic growth?

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What historical context is provided regarding negative interest rates in the 1970s?

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