An interesting development - "At the Riksbank, which now has a deposit rate of minus 0.25 per cent, the most vocal advocate of the policy is deputy governor Lars Svensson, a world-renowned expert on monetary policy theory and a close associate of Ben Bernanke, chairman of the US Federal Reserve, since they worked together at Princeton University."
Interesting because of the negative interest rate but also because Lars Svensson is a top academic economist (see my previous blog on economists in policy)
for more info on negative interest rates see the discussion on Mankiw's blog
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