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"However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound."

— Toshihiko Fukui
toshihiko fukui Quotes Spite,Bounds,Perception

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T
Toshihiko Fukui
Spite
Bounds
Perception
Zero
Interest Rate
Monetary
Central Banks
Avert
Monetary Policy
Deflation

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