What to do When Low-for-Long Interest Rates are Lower and for Longer

Tobias Adrian is the Financial Counsellor and Director of the International Monetary Fund’s (IMF) Monetary and Capital Markets Department.
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Central banks have played a pivotal role in easing financial conditions in response to the COVID-19 shock, and helped avert a catastrophic downturn. However, their work is far from done. Yet more monetary stimulus will be needed to  Read more »
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