マイナスの実質金利 - Irregular Economist ～hicksianの経済学学習帳～

●Paul Krugman，“In praise of expected inflation”（@The Conscience of a Liberal） But I think these worriers are missing the main point: mainly, what we’re seeing is an economic environment so weak that real interest rates need to be negative for a while. Why “need”? Well, the decline in medium-term interest rates could be pronounced excessive if anyone expected lower rates to produce a runaway boom —

[BUNTEN]

糊代の本当の意味は、プラスのインフレ率の下でそれ以下に設定される名目金利。日銀理論での糊代理解は間違いなのに注意。