New Economy, old central banks? Monetary transmission in a new economic environment
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منابع مشابه
NEW ECONOMY, OLD CENTRAL BANKS? An overview of monetary transmission in a new economic environment
Proponents of the so-called New Economy claim that it entails a structural change of the economy. Such a change, in turn, would require the central bank to rethink its monetary policy to the extent that traditional relationships between inflation and economic growth are no longer valid. But such a rethinking presupposes that prospective advances in information technology and other factors assoc...
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