Explain why monetary policymakers actions in cutting the Federal Funds rate to almost zero were not sufficient

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Explain why monetary policymakers’ actions in cutting the Federal Funds rate to almost zero were not sufficient to boost economic activity during the recession of 2007-2009.

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Oct 02, 2014 08:16 AM

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Explain why monetary policymakers actions in cutting the Federal Funds rate to almost zero were not sufficient

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