Heterogeneity in Macroeconomics and its Implications for Monetary Policy - Fabian Schnell - Books - Springer - 9783658097301 - May 7, 2015
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Fabian Schnell
Heterogeneity in Macroeconomics and its Implications for Monetary Policy 2015 edition

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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 "Quantitative Easing" programs.

166 pages, 11 black & white illustrations, biography

Media Books     Paperback Book   (Book with soft cover and glued back)
Released May 7, 2015
ISBN13 9783658097301
Publishers Springer
Pages 166
Dimensions 148 × 210 × 11 mm   ·   249 g
Language German  

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