"There could hardly be a more interesting area of economics right now than monetary economics and central banking. Central banks have used up all their conventional weapons in the fight against inflation - short-term interest rates are near zero - and are turning to unconventional means to loosen monetary policy further. Opinion is divided as to whether this is a clever move that will re-start the world economy or a dangerous step that will unleash inflation further down the road.
My research considers some of the consequences of these actions for firms and households. The financial crisis, the policy response, the banks' reaction - these are matters that affect everyone."
Paul's staff page
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