Heterogeneity in macroeconomics and its implications for monetary policy /
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 &quo...
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| Main Author: | |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
Wiesbaden :
Springer Gabler,
2015.
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| Series: | Research
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| Subjects: | |
| Online Access: | CONNECT |
