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Marginal Revolution

corporate bonds, discount window, liquidity traps, Marginal Revolution, Tyler Cowen
Financial Markets, The Fed & Central Banks

Cowen on Central Banks and Liquidity Traps

George Selgin/February 24, 2016June 19, 2022

These are challenging times for monetary economists like myself, what with central banks making one dramatic departure after another from conventional ways of conducting monetary policy. Yet so far as I'm concerned, coming to grips with negative interest rates, overnight reverse repos, and  other newfangled monetary control…

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