Question
The zero-bound on short-term interest rates is not a problem, since the central bank can just use quantitative easing to lower intermediate and longer-term interest
The zero-bound on short-term interest rates is not a problem, since the central bank can just use quantitative easing to lower intermediate and longer-term interest rates instead."Is this statement true, false, or uncertain?Explain your answer.
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
