Monetary policy is still effective even when the short-term ...

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banquedefranceBanque de France125104901757806592304/17/2020 - 09:25Monetary policy is still effective even when the short-term interest rate reaches zero. Central bank balance sheet adjustment worked in the United States, Europe, and Japan. Henceforth it is not clear that the #liquidity trap exists. #BdFeco WP 👉 https://t.co/WsLOF0zqGh
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