Link: Monetary Policy Is Less Effective Inward Recessions

As an update to my "interest charge per unit of measurement effectiveness" theme, hither is a VoxEU article past times Silvana Tenreyro, Gregory Thwaites that argues that USA monetary policy is less effective inwards recessions. Since this estimation was non exclusively based on the latest recession, it is non exclusively an upshot of the nil lower bound.

This looks interesting, simply I bring non had fourth dimension to runway downward the references to expect at the results inwards to a greater extent than detail.