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- W2497683101 abstract "Abstract The paper shows that the literature on broken channels (1) fails to provide an explanation of the root causes of the crisis, (2) mistakes a subjective human behavior for a mechanical failure and (3) confuses market adjustment mechanisms. From this perspective, the policy aiming to deploy unconventional monetary policies to overcome the broken channels is misguided. The paper fits broken channels into the framework of a more comprehensive theory of the business cycle and suggests a different policy recommendation." @default.
- W2497683101 created "2016-08-23" @default.
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- W2497683101 date "2016-01-01" @default.
- W2497683101 modified "2023-09-26" @default.
- W2497683101 title "The Case for Repairing Broken Channels without the Use of Unconventional Monetary Policy" @default.
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- W2497683101 doi "https://doi.org/10.1515/jeeh-2016-0006" @default.
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