'Interest Rate Trap' Keeps Economy Stuck in Low Interest Rate Hell.
The article explains how when the central bank keeps interest rates too low for too long, it can create a trap where banks take on too much risk. This can lead to a situation where the economy gets stuck in a low-interest rate state for a long time. The researchers show that using interest rates to stabilize the economy can actually backfire, and suggest that setting rules for banks to hold a certain amount of cash in advance could be a better solution.