Unconventional Monetary Policies
Investigates the use of quantitative easing and forward guidance when interest rates hit the zero lower bound. Evaluates the effectiveness and risks of these policies.
About This Topic
Investigates the use of quantitative easing and forward guidance when interest rates hit the zero lower bound. Evaluates the effectiveness and risks of these policies.
Key Questions
- How does quantitative easing stimulate an economy at the zero lower bound?
- How does forward guidance influence market expectations?
- What are the long-term inflationary risks of unconventional monetary policy?
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