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A traditional approach to monetary policy involves lowering interest rates in order to stimulate economic activity in the economy (via the monetary transmission mechanism). Please,

A traditional approach to monetary policy involves lowering interest rates in order to stimulate economic activity in the economy (via the monetary transmission mechanism). Please, discuss what the key practical problems with monetary policy implementation are if interest rates are already close to 0%! What are the options for the central banks to deal with this kind of situation?

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