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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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| Format: | eBook |
| Language: | English |
| Published: |
Wiesbaden :
Springer Gabler,
2015.
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| Series: | Research.
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| Physical Description: |
1 online resource (xviii, 166 pages) : illustrations. |
| Subjects: | |
| Online Access: | SpringerLink - Click here for access |
| Copy 1 | CMU Electronic Access | Available |
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