lower bound

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low·er bound

A number less than or equal to any number in a set.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.lower bound - (mathematics) a number equal to or less than any other number in a given set
math, mathematics, maths - a science (or group of related sciences) dealing with the logic of quantity and shape and arrangement
bound, boundary, edge - a line determining the limits of an area
References in periodicals archive ?
The interest-bearing design of CBDC, and the obsolescence of paper currency, would also contribute to greater macroeconomic stability, because interest rate adjustments would have the advantage of no longer being constrained by an effective lower bound in response to severe adverse shocks.
The Fed and other central banks are informally exploring this option now, because it could increase the equilibrium interest rate to 5-6 per cent, and reduce the risk of hitting the zero lower bound in another recession.
THE ZERO LOWER BOUND AND THE SHADOW RATE The present paper lacks proper treatment for the zero lower bound (ZLB) period.
Instead, the lower bound on interest rates and constraints on the adoption of unconventional measures prevented sufficient monetary accommodation since the financial crisis in most advanced economies.
3) Based on the proposed lower bound, we explore the asymptotic system performance for the massive MIMO system by deploying a large number of antennas at the BS and at both ends with a fixed and finite ratio.
The prolonged period at the zero lower bound raises the question of how to measure the overall stance of monetary policy when constraints prevent the FOMC from using its traditional policy tool--the target federal funds rate.
2 per cent and said: "We are at the lower bound where technical adjustments are not going to be possible any longer.
In the analysis, this will be considered by simply adding a certain, estimated percentage to the lower bound area and assessing the influence of that on the sensitivity.
Similarly, the next theorem is proposed to solve the optimal lower bound on each [x.
The boldly titled 18 May, 2015 London conference on 'Removing the Zero Lower Bound on Interest Rates', cosponsored by Imperial College Business School, the Brevan Howard Centre for Financial Analysis, the Centre for Economic Policy Research and the Swiss National Bank.
The paper, titled "Optimal Monetary Policy at the Zero Lower Bound," was co-authored with Costas Azariadis of Washington University in St.