Perspectives for CESEE Countries
Edited by Ewald Nowotny, Doris Ritzberger-Grünwald and Helene Schuberth
Chapter 13: What can monetary policy achieve, and what is the relation between monetary policy and financial stability?
13. What can monetary policy achieve, and what is the relation between monetary policy and financial stability? Lars E.O. Svensson In this chapter, I will discuss two questions. First, what can – and cannot – monetary policy achieve? Second, what...
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