Interestingly, at the zero lower bound, central banks may face nearly the opposite commitment problem: To escape a liquidity trap, a central bank may want to commit to keep interest rates low and accommodate an output boom even after the headwinds from a crisis have dissipated. See, for example, Eggertsson (2006) and Werning (2012).
10  •  We revised a management-interlock rule for the first time since 1996, removing a governance barrier for more small banks and their holding companies. 11  •  We made our short-form call report shorter, removing items that were often ancillary to filers’ core lending activities. Banking Organizations to Certain Board Regulations,” news release, July 6, 2018, https://www.federalreserve.gov/newsevents/pressreleases/bcreg20180706b.htm.