In abnormal times,such as a financial panic,central banks can achieve their macroeconomic objectives through _______ policy.

Question

Quizplus · Accepted Answer

During abnormal times, such as a financial panic, conventional monetary policy tools like adjusting interest rates may not be enough to achieve macroeconomic objectives. In such cases, central banks can resort to unconventional monetary policy, which includes measures like quantitative easing, forward guidance, and negative interest rates.

In Abnormal Times,such as a Financial Panic,central Banks Can Achieve