The Benefits and Costs of Highly Expansionary Monetary Policy
How far to go – and to remain – in the direction of highly expansionary monetary policy hinges on the balance of marginal benefits and costs of additional monetary easing and its expected evolution over time. This paper sketches a framework for assessing this balance and applies it to four OECD econ...
|Series:||OECD working papers. Economic Department working papers ;
no. 1082. |
|Online Access:||Online version|
No Tags, Be the first to tag this record!