Given the zero lower bound on the nominal rate, the lowest real interest rate the central bank can achieve is

you can put this in your 11 sentence summary

" most of the money would be invested in innovation, economic convergence."

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.