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discuss the implications of the zero lower bound (ZLB) on traditional monetary policy tools, and what alternative measures do central banks employ to stimulate economic

discuss the implications of the zero lower bound (ZLB) on traditional monetary policy tools, and what alternative measures do central banks employ to stimulate economic activity when nominal interest rates approach zero ?

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The zero lower bound ZLB refers to a situation where nominal interest rates are close to or at zero percent At the ZLB traditional monetary policy too... blur-text-image

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