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
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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