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What is the term for the constraint placed on the ability of a central bank to stimulate the economy through lower short-term interest rates by
What is the term for the constraint placed on the ability of a central bank to stimulate the economy through lower short-term interest rates by the fact the short-term interest rates cannot be driven too low without causing depositors to withdraw funds from the banking system? Multiple choice question. Zero upper-bound problem Zero lower-bound problem Overnight reverse repo rate problem Discount rate
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