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Feng Zhu

Former Senior Economist · Bank for International Settlements

Former Senior Economist at the Bank for International Settlements. Research covers unconventional monetary policy and its cross-border effects, exchange rates, shadow banking in China, fintech credit and central bank digital currencies.

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Published Classic International Journal of Central Banking Published Dec 2018

A Shadow Policy Rate to Calibrate U.S. Monetary Policy at the Zero Lower Bound

Marco J. Lombardi · Feng Zhu

This 2018 International Journal of Central Banking paper by Marco J. Lombardi and Feng Zhu proposes a "shadow policy rate" for U.S.

Effective Lower Bound Unconventional Monetary Policy