LIBROS DEL AUTOR: fabian schnell

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  • Heterogeneity in Macroeconomics and its Implications for Monetary Policy
    Fabian Schnell
    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 especially relevant in view of 'Quantitative Easing' programs. A second model focuses on the short-term implication...
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