Since the end of the Great Recession of 2008, interest rates have been at histor
Since the end of the Great Recession of 2008, interest rates have been at historic lows—in some cases, close to zero. 1 How is expansionary monetary policy, or more specifically a open market purchase, supposed to work? 2 How do near-zero interest rates limit the ability of expansionary monetary policy to work? 3 In your … Read more