OECD Economics Department Working Papers

The Benefits and Costs of Highly Expansionary Monetary Policy

DOI:http://dx.doi.org/10.1787/5k41zq8lwj9v-en

How far to go – and to remain – in the direction of highly expansionary monetary policy hinges on the balance of marginal benefits and costs of additional monetary easing and its expected evolution over time. This paper sketches a framework for assessing this balance and applies it to four OECD...



Linking

Link to this publication:
Link to this publication with cover:
Link to this page:

Embedding

800
x
600
550
x
700
AUTO
SIZE
Custom:
Width:
Height: