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Low for Long"" and Risk-Taking

By: Tobias Adrian (Author)

Extended Catalogue

Ksh 5,950.00

Format: Paperback or Softback

ISBN-13: 9781513556062

Publisher: International Monetary Fund (IMF)

Publication Date: Jan 31st, 2023

Weight: 150 grams

Dimension: 21.50 x 27.90 x 0.70 cms

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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. This paper argues that trade-offs need to be accounted for in monetary policy models and outlines how that can be achieved in practice.

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