11. How might a zero interest rate complicate the task of monetary policy? (Hint: At a zero...
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11. How might a zero interest rate complicate the task of monetary policy? (Hint: At a zero rate of interest, there is no advantage in switching from money to bonds.)
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Related Book For 
International Finance Theory And Policy
ISBN: 9781292238739
11th Global Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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