Is Monetary Policy Less Effective When Interest Rates Are Persistently Low?
Claudio Borio () and
Boris Hofmann ()
A chapter in Monetary Policy and Financial Stability in a World of Low Interest Rates, 2017 from Reserve Bank of Australia
Keywords: monetary policy; nonlinearities (search for similar items in EconPapers)
ISBN: 978-0-6480470-1-8 (Print)
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Working Paper: Is monetary policy less effective when interest rates are persistently low? (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:rba:rbaacv:acv2017-04
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