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What does the new long-run monetary policy framework imply for the path ahead?
Following a lengthy review, the FOMC recently revised its long-run monetary policy strategy statement, largely in recognition of the persistent threat the effective lower bound (ELB) on policy rates poses to its dual mandate goals. Under traditional monetary policy strategies, the ELB imparts a pers...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Palgrave Macmillan UK
2021
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7779901/ https://www.ncbi.nlm.nih.gov/pubmed/33424028 http://dx.doi.org/10.1057/s11369-020-00197-x |