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Remarks at New York University's Stern School of Business, New York City.
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Central banks have become increasingly communicative. An important reason is that democratic societies expect more … transparency from public institutions. Central bankers, based on empirical research, also believe that sharing information has …
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the current financial and economic crisis. Central banks use various unconventional measures in the range of financial … balances, the liability side of its balance sheet. It is crucial to understand that central banks combine the two elements of …
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"Monetary policy acts with a lag. I liken it to a good single malt whiskey or perhaps truly great tequila: It takes time before you feel its full effect. The Fed has to be very careful now to add just the right amount of stimulus to the punchbowl without mixing in the potential to juice up...
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