It appears quite likely that developed countries will frequently find themselves with interest rates stuck at the zero lower bound (ZLB) in coming decades. Indeed, the Eurozone never truly left the ZLB after the Great Recession, and the United States left in 2015 but returned to the ZLB during the COVID-19 recession. Financial markets forecast, however, that the US will leave the ZLB in 2022 as the Fed is expected to raise its policy rate multiple times. Nonetheless, it seems highly probable that the US will hit the ZLB in the whatever the next economic crisis may be. As a base rate, the US had two zero lower bound episodes in the last 50 years -- both of which were in the last 15 years.
Your submission is now a Draft.
Once it's ready, please submit your draft for review by our team of Community Moderators. Thank you!
You have been invited to co-author this question.
When it is ready, the author will submit it for review by Community Moderators. Thanks for helping!
Pending
This question now needs to be reviewed by Community Moderators.
We have high standards for question quality. We also favor questions on our core topic areas or that we otherwise judge valuable. We may not publish questions that are not a good fit.
If your question has not received attention within a week, or is otherwise pressing, you may request review by tagging @moderators in a comment.
You have been invited to co-author this question.
It now needs to be approved by Community Moderators. Thanks for helping!
{{qctrl.question.title}}
{{qctrl.question.predictionCount() | abbrNumber}}
predictions
{{"myPredictionLabel" | translate}}:
{{ qctrl.question.resolutionString() }}
{{qctrl.question.predictionCount() | abbrNumber}}
predictions
My score:
{{qctrl.question.player_log_score | logScorePrecision}}