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One of the long-held maxims of monetary policy was that negative nominal interest rate were not possible. Briefly explain, in 50 or fewer words, why
One of the long-held maxims of monetary policy was that negative nominal interest rate were not possible. Briefly explain, in 50 or fewer words, why this was.
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International Economic Relations Since 1945
Authors: Catherine R Schenk
2nd Edition
1351183567, 9781351183567
