EBK THE ECONOMICS OF MONEY, BANKING AND
EBK THE ECONOMICS OF MONEY, BANKING AND
5th Edition
ISBN: 9780134734545
Author: Mishkin
Publisher: YUZU
Question
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Chapter 25, Problem 3Q
To determine

The interest rate channel functioning when short-term nominal rates are at the zero lower bound.

Concept introduction:

Interest rate channel still functions when short term nominal rates are at zero lower bound as the real interest rate is what it was.

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