Interest rates in the United States and most developed economies have been close to zeroparticularly short-term ratessince the Great Recession. Does this have implications for a central bank as it implements monetary policy? Give examples to support your conclusion.

- Between 500 and 1000 words.

- Structure it with an introduction, the analysis, and a conclusion. The conclusion should not contain new information or ideas, but it should represent the punch line of the ideas that you have previously laid out.

- Make sure you look up at least two references

- Remember to be 'positive' (scientific) and limit normative statements (good, bad, nice, interesting etc.) as much as possible.