Is Monetary Policy Effective During Financial Crises?
收藏NBER2009-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14678
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This short paper argues that the view that monetary policy is ineffective during financial crises is not only wrong, but may promote policy inaction in the face of a severe contractionary shock. To the contrary, monetary policy is more potent during financial crises because aggressive monetary
本短篇论文主张，认为货币政策在金融危机期间无效的观点不仅错误，还可能在严重紧缩性冲击面前助长政策不作为。相反，货币政策在金融危机期间更为有力，因为激进的货币
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美国国家经济研究局创建时间：
2009-01-01
