Circumventing the Zero Lower Bound with Monetary Policy Rules Based on Money
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https://www.nber.org/papers/w23157
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Discussions of monetary policy rules after the 2007-2009 recession highlight the potential ineffectiveness of a central banks actions when the short-term interest rate under its control is limited by the zero lower bound. This perspective assumes, in a manner consistent with the canonical New
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美国国家经济研究局创建时间：
2017-02-01
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