How might a zero interest rate complicate the task of monetary policy?
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How might a zero interest rate complicate the task of monetary policy?
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A zero interest rate can complicate the task of monetary policy in several ways Firstly it reduces the flexibility of monetary policy Central banks ty...View the full answer
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Related Book For
International Economics Theory And Policy
ISBN: 9781292409719
12th Edition
Authors: Paul Krugman , Maurice Obstfeld, Marc Melitz
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How might a zero interest rate complicate the task of monetary policy?
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