Unconventional monetary policy can supplement conventional policy when policymakers are no longer willing or able to lower

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Unconventional monetary policy can supplement conventional policy when policymakers are no longer willing or able to lower the target rate or when an impaired financial system prevents conventional interest rate policy from working.

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Money Banking And Financial Markets

ISBN: 9781260226782

6th Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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