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6. Conventional versus Unconventional Monetary Policy 21. Discuss the key ideas in Neo-Fisherism. Discuss how Neo-Fisherism departs from conventional ideas about how central banking works,

6. Conventional versus Unconventional Monetary Policy 21. Discuss the key ideas in Neo-Fisherism. Discuss how Neo-Fisherism departs from conventional ideas about how central banking works, and why central bankers may have trouble accepting Neo-Fisherian ideas. (5 marks) b. Central banks in the world are increasingly experimenting with unconventional monetary policies. Describe two types of unconventional monetary policies, and discuss why these policies may or may not work. (6 marks)

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