Low for Long and Risk-Taking /

The COVID-19 pandemic is causing an unprecedented worldwide economic contraction, leading central banks to reduce interest rates to historically low levels and making unconventional monetary policies-including 'low for long' interest rates and asset purchases-increasingly common. Arguably,...

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Bibliographic Details
Main Author: Adrian, Tobias
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2020.
Series:Departmental Papers; Departmental Paper ; No. 2020/015
Subjects:
Online Access:Full text available on IMF