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About Cost-Benefit Analysis of Leaning Against the Wind: Are Costs Larger Also with Less Effective ...
Abstract. “Leaning against the wind” (of asset prices and credit booms) (LAW), that is, a somewhat tighter monetary policy and a higher policy interest rate, has costs in terms of a weaker econ- omy with higher unemployment and lower inflation. It has been justified by possible benefits in term
Detailed Information
| Author: | Unknown |
|---|---|
| Publication Year: | 2016 |
| Pages: | 85 |
| Language: | English |
| File Size: | 1.78 |
| Format: | |
| Price: | FREE |
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