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The central bank of a country facing economic and financial market difficulties asks for your advice. The bank cut its policy interest rate to the

The central bank of a country facing economic and financial market difficulties asks for your advice. The bank cut its policy interest rate to the effective lower bound, but it was not low enough to stabilise the economy. Drawing on the actions taken by the Federal Reserve during the financial crisis of 2007-2009, what might you advise this central bank to do?

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