In that case, the policy rate needed to stimulate the economy might lie below the effective lower bound that exists on the nominal interest rate. Below this lower bound, further interest rate reductions are either impossible or will simply not induce higher borrowing by households and firms anymore.
These developments, which are shared in different ways by other States, give a positive twist to the outlook for empowerment of women for the future. Above all, the existence of a free press provides insurance against excesses and makes Governments at all levels more accountable than otherwise.