
The Dilemma of Central Banking
Jan 7, 2020 & explains the dilemma facing monetary policymakers when interest rates get stuck at or near the zero-lower bound.
Miao Yanliang, a member of the China Finance 40 Forum, is an adjunct professor at Peking University’s National School of Development.
Jan 7, 2020 & explains the dilemma facing monetary policymakers when interest rates get stuck at or near the zero-lower bound.