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Banks are organisations, I include them in this, you need to prevent banks from not lending. >"it has the effect of lowering interest rates" Not when we are a
by BenoitEssiambre 11y ago
Banks are organisations, I include them in this, you need to prevent banks from not lending.
>"it has the effect of lowering interest rates"
Not when we are already at the zero lower bound.
At the ZLB you need higher inflation targets for things to function properly.