Lecture “Negative Interest Rates and the Impact of Monetary Policy”

In this lecture, Silvana Tenreyro examines the role of negative interest rates in monetary policy, exploring their effects on the financial system and their effectiveness across different economic contexts. Drawing on empirical evidence and theoretical models, she addresses the limits of these tools and the challenges associated with their implementation.

The economist also analyzes the implications of these policies for the banking system and their potential to stimulate the economy, particularly in low interest rate environments and in open economies with strong financial intermediation.

This lecture is part of the JEEA–BBVA Foundation Lecture Series, organized annually since 2005 in collaboration with the European Economic Association (EEA). The initiative aims to advance economic science and foster dialogue among researchers, academics and institutions. Each lecture is publishe

In this lecture, Silvana Tenreyro examines the role of negative interest rates in monetary policy, exploring their effects on the financial system and their effectiveness across different economic contexts. Drawing on empirical evidence and theoretical models, she addresses the limits of these tools and the challenges associated with their implementation.

The economist also analyzes the implications of these policies for the banking system and their potential to stimulate the economy, particularly in low interest rate environments and in open economies with strong financial intermediation.

This lecture is part of the JEEA–BBVA Foundation Lecture Series, organized annually since 2005 in collaboration with the European Economic Association (EEA). The initiative aims to advance economic science and foster dialogue among researchers, academics and institutions. Each lecture is published in the Journal of the European Economic Association (JEEA), one of the leading international journals in economics.