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Reprint: Two challenges from globalization()
This speech highlights two channels through which globalization poses challenges for monetary policy. The first channel is through the global determination of the average world natural real rate of interest, which implies that saving and investment shifts abroad can influence the domestic interest r...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Elsevier Ltd.
2021
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9755895/ https://www.ncbi.nlm.nih.gov/pubmed/36540542 http://dx.doi.org/10.1016/j.jimonfin.2021.102408 |