Question: Monetary policy implementation Answer the following questions in depth: (500 Words for every question) An alternative view of the transmission mechanism, emphasising the role of

Monetary policy implementation

Answer the following questions in depth: (500 Words for every question)

  • An alternative view of the transmission mechanism, emphasising the role of monetary injections and leakages as transmission channels. (20/100)
  • Why the quantity of cash (and the quantity of money, to an extent) is the OTI of unconventional monetary policy. (10/100)
  • The conditions under which conventional monetary and fiscal policy may no longer be effective in countering a recession/depression and the consequent need for unconventional QE policy. (15/100)

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