Finally, higher nominal growth should translate into higher nominal interest rates, to the detriment of the so - called bond market proxies (equities that provide high dividends). (blackrockblog.com)
A lower inflation target means lower nominal interest rates, and when the crisis hit, central banks had little room to cut rates before effectively hitting zero. (canadianbusiness.com)
«It is clear that the zero nominal interest rate bound has proven costly,» he wrote. (canadianbusiness.com)