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If the central bank wants to decrease the nominal interest rate in the long run, it must keep running a highly expansionary monetary policy
If the central bank wants to decrease the nominal interest rate in the long run, it must keep running a highly expansionary monetary policy
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Economics of Money Banking and Financial Markets
Authors: Frederic S. Mishkin
12th edition
134733821, 134733827, 9780134734507 , 978-0134733821
