The risks of low interest rates

At present, monetary policy in major advanced economies is highly accommodative; policy rates are close to zero and unconventional monetary measures have been sharply expanded. However, the recovery remains fragile and the policy discussion has shifted from exit timing to the possible distortions th...

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Detalles Bibliográficos
Autor Principal: Gambacorta, Leonardo
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: Banco de la República de Colombia 2011
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