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...
Call Number: | Libro Electrónico |
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Main Authors: | , |
Corporate Author: | |
Format: | Electronic eBook |
Language: | Inglés |
Published: |
Washington, D.C. :
International Monetary Fund,
©2008.
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Series: | IMF working paper ;
WP/08/288. |
Subjects: | |
Online Access: | Texto completo |