It’s easy to see the attraction of make-up strategies. First, they allow for greater stimulus at the effective lower bound (ELB) because policymakers are committed
LHMeyer/Monetary Policy AnalyticsLHMeyer/Monetary Policy AnalyticsIt’s easy to see the attraction of make-up strategies. First, they allow for greater stimulus at the effective lower bound (ELB) because policymakers are committed