Télécharger le livre :  Heterogeneity in Macroeconomics and its Implications for Monetary Policy
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Fabian Schnell develops a model indicating that by keeping real interest rates too low, monetary policy can distort the allocation of resources across firms and potentially delay economic recovery after a recession. This is a new channel of monetary policy that is...

Editeur : Springer Gabler
Parution : 2015-04-28

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