Unconventional monetary policy can supplement conventional policy when policymakers are no longer willing or able to lower
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Unconventional monetary policy can supplement conventional policy when policymakers are no longer willing or able to lower the target rate or when an impaired financial system prevents conventional interest rate policy from working.
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Related Book For
Money Banking And Financial Markets
ISBN: 9781260226782
6th Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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