LIBROS DEL AUTOR: brian psack

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  • Monetary Policy Alternatives at the Zero Bound
    Ben S. Bernanke / Ben SBernanke / Brian P. Sack / Brian PSack / Vincent R. Reinhart / Vincent RReinhart
    The success over the years in reducing inflation and, consequently, the average level of nominal interest rates has increased the likelihood that the nominal policy interest rate may become constrained by the zero lower bound. When that happens, a central bank can no longer stimulate aggregate demand by further interest-rate reductions and must rely on 'non-standard' policy alt...
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