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Persistent link: https://www.econbiz.de/10012114884

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Determinacy of interest rate rules with bond transaction services in a cashless economy

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The bank lending channel reconsidered

Milne, Alistair; Wood, Geoffrey - 2009

It has been widely accepted that constraints on the wholesale funding of bank balance sheets amplify the transmission of monetary policy through what is called the ‘bank lending channel’. We show that the effect of such bank balance sheet constraints on monetary transmission is in fact...

Persistent link: https://www.econbiz.de/10003795849

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'Some unpleasant fiscal arithmetic' : the role of monetary and fiscal policy in public debt dynamics since the 1970s

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