Leo Krippner, an economist at the Reserve Bank of New Zealand, publishes an Effective Monetary Stimulus (EMS)
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Leo Krippner, an economist at the Reserve Bank of New Zealand, publishes an ‘Effective Monetary Stimulus’ (EMS) measure, designed to gauge the stance of U.S.monetary policy. Go to the website http://www.rbnz.govt.nz/research-and-publications/research-programme/additional-research/measures-of-the-stance-of-unitedstates-monetary-policy and examine the EMS measure.
Is monetary policy becoming tighter, or looser according to the measure?
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I have visited the Reserve Bank of New Zealands website and examined the Effective Mone...View the full answer
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Related Book For 
Economics Of Money Banking And Financial Markets
ISBN: 9780134734200
5th Edition
Authors: Frederic Mishkin
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