Replication data for: Dealing with Monetary Paralysis at the Zero Bound

Kenneth Rogoff
Recently, the key constraint for central banks is the zero lower bound on nominal interest rates. Central banks fear that if they push short-term policy interest rates too deeply negative, there will be a massive flight into paper currency. This paper asks whether, in a world where paper currency is becoming increasingly vestigial outside small transactions (at least in the legal, tax compliant economy), there might be relatively simple ways to finesse the zero bound...
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.