How can the interest rate channel still function when short term nominal interest rates are at the

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How can the interest rate channel still function when short term nominal interest rates are at the zero lower bound?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 03, 2017 04:11 AM

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How can the interest rate channel still function when short term nominal interest rates are at the

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If the central bank commits to a higher inflation policy while maintaining low nominal i...View the full answer

The Economics of Money Banking and Financial Markets

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