Monetary Policy in the 1990s and How to Create a Recovery

Richard Werner ()

Chapter 19 in New Paradigm in Macroeconomics, 2005, pp 261-266 from Palgrave Macmillan

Abstract: Abstract It has by now already been demonstrated that with the framework of disaggregated credit creation in a world of credit rationing the enigmas of monetary policy in the 1990s can be solved.

Keywords: Interest Rate; Monetary Policy; Central Bank; Bank Credit; Interest Rate Policy (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50607-7_20

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DOI: 10.1057/9780230506077_20

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