Monetary policy at the effective lower bound: Less potent? More international? More sticky?
This paper discusses whether monetary policy at the effective lower bound (ELB) is less effective, generates greater international spillovers, or is “stickier” than conventional monetary policy. It argues that monetary policy at the ELB can be potent and that there has thus far been no convincing ev...
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| Format: | Article |
| Language: | English |
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Brookings Institution Press
2018
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| Online Access: | View Fulltext in Publisher |