Explain why monetary policymakers actions in cutting the target range for the federal funds rate to 0

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Explain why monetary policymakers’ actions in cutting the target range for the federal funds rate to 0 to 1∕4 percent were not sufficient to boost economic activity during the recession of 2007–2009.

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Money Banking And Financial Markets

ISBN: 9781260226782

6th Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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