Is monetary policy effective when credit is low? /
Monetary policy, at least in part, operates through both an interest rate and credit channel. The question arises, therefore, whether monetary policy is a less potent a device in affecting output and inflation in countries that have low levels of credit and where investment and consumption are not f...
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Full text (MCPHS users only) |
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| Main Authors: | , |
| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2008
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| Series: | IMF working paper ;
WP/08/288. |
| Subjects: | |
| Local Note: | ProQuest Ebook Central |
