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What Else Can Central Banks Do? (Paperback) (Laurence Ball & Joseph Gagnon & Patrick Honohan & Signe

What Else Can Central Banks Do? (Paperback) (Laurence Ball & Joseph Gagnon & Patrick Honohan & Signe - image 1 of 1

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Central banks can do more to stimulate economies and restore full employment, even when nominal interest rates are near zero. Quantitative easing has had beneficial effects already and can be expanded; policymakers can push interest rates substantially below zero. Central banks can also increase their scope for countercyclical policy by raising their inflation targets modestly. Eventually, the trend toward cashless economies may eliminate completely the problems arising from the lower bound on interest rates.

The 18th Geneva Report on the World Economy seeks to provide policymakers with a developed selection of stimulus methods in order to tackle secular stagnation in advanced economies. With most options having already been explored, this report contributes to current stimulus policies and how they can be expanded and implemented to greater effect.
Number of Pages: 110
Genre: Business + Money Management
Series Title: Geneva Reports on the World Economy
Format: Paperback
Publisher: Brookings Inst Pr
Author: Laurence Ball & Joseph Gagnon & Patrick Honohan & Signe Krogstrup
Language: English
Street Date: December 13, 2016
TCIN: 52198230
UPC: 9780995470118
Item Number (DPCI): 248-43-0857
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