“A Model of Unconventional Monetary Policy”
E1140772
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“A Model of Unconventional Monetary Policy” is an influential economics paper by Mark Gertler that analyzes how central banks can use nonstandard tools such as balance-sheet expansions and credit market interventions when conventional interest-rate policy is constrained, for example at the zero lower bound.
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| “A Model of Unconventional Monetary Policy” canonical | 1 |
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