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facto central bank independence. -- Central bank research ; Fiscal policy ; Inflation: costs and benefits …
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instigated as a means of addressing prolonged periods of low inflation, has not only heralded times during which new and … inflation targeting mechanisms are not as relevant as they used to be - particularly against the backdrop of the impact of … prolonged periods of low inflation, this paper highlights how such experiences can also be used to bolster the proposition that …
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Comparing and contrasting the Fed’s and ECB’s policy responses to the 2008 Global Financial Crisis (GFC) and the COVID-19 pandemic highlights the importance of the fiscal dimension of monetary policy and the pitfalls that can arise when the synergy of fiscal and monetary policy is neglected...
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