Advancing the Monetary Policy Toolkit through Outright Transfers /
This paper argues that in reserve currency issuing economies at the effective lower bound, outright transfers from the central bank to households are both more equitable and more effective in achieving monetary policy objectives than asset purchases or negative interest rates. It shows that concerns...
| 1. autor: | |
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| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2022.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2022/087 |
| Hasła przedmiotowe: | |
| Dostęp online: | Full text available on IMF |