Please joining me in welcoming, most warmly, Honourable Minister Kenneth Matambo to officially open the Conference. Thank you for your kind attention. Minister Matambo Sir! 4
Amano and Shukayev (2010) investigate the implications of non-zero inflation for endogenous growth in a model with sticky prices and wages. 4  BIS Review 110/2010  It is important to note, however, that much of this work is based on historical data that predate the crisis and therefore assigns a very low probability of ever hitting the zero bound.