Risk of hitting ZLB in next three years is low – San Francisco Fed paper

0%

The risk of returning to the zero lower bound over the next three years should not be a concern for monetary policy, a researcher from the Federal Reserve Bank of San Francisco says.

In an economic letter, Jens Christensen examines the risk of US short-term rates being constrained by the zero lower bound using Treasury yield curve data from 1987 to 2019. He projects 10,000 possible paths for the yield curve up to 10 years ahead.

Christensen predicts short-term rates will continue upwards in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.