Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/277493 
Authors: 
Year of Publication: 
2020
Citation: 
[Journal:] European Journal of Economics and Economic Policies: Intervention (EJEEP) [ISSN:] 2052-7772 [Volume:] 17 [Issue:] 3 [Year:] 2020 [Pages:] 381-398
Publisher: 
Edward Elgar Publishing, Cheltenham
Abstract: 
This paper suggests that the near-optimal setting of the real policy rate of interest (the real overnight rate in Basil Moore's home country of Canada) is zero. This will achieve as close an approximation as possible to a fair distribution of income in a particular sense. It will also promote financial stability, inflation stability, high growth, full employment and higher real wages.
Subjects: 
Basil J. Moore
endogenous money
income distribution
monetary policy transmissions mechanism
zero interest rate policy (ZIRP)
zero real policy rate (ZRPR)
JEL: 
B12
B22
B26
E13
E43
E58
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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