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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)
Date: 2017
ISBN: 978-0-6480470-1-8 (Print)
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Handle: RePEc:rba:rbaacv:acv2017-04