The Benefits and Costs of Highly Expansionary Monetary Policy
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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How far to go – and to remain – in the direction of highly expansionary monetary policy hinges on the
balance of marginal benefits and costs of additional monetary easing and its expected evolution over time.
This paper sketches a framework for assessing this balance and applies it to four OECD economic areas:
the euro area, Japan, the United...
