UOBScholar Hub
UOB Libraries created the UOBScholar Hub, an Institutional Repository (IR) for archiving and collecting all the research output of the UOB community. It aims to improve the visibility, usage and impact of research conducted at UOB. Materials included are: academic journal articles, conference papers and presentations, books and book chapters, ongoing research papers, reports and patents.
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https://scholarhub.balamand.edu.lb/handle/uob/1713| Title: | The case for repairing broken channels without the use of unconventional monetary policy | Authors: | Mardini, Patrick | Affiliations: | Department of Economics | Keywords: | Transmission channels Austrian economics |
Subjects: | Business cycles | Issue Date: | 2016 | Part of: | Journal des economistes et des etudes humaines | Volume: | 22 | Issue: | 1 | Start page: | 61 | End page: | 76 | Abstract: | The paper shows that the literature on broken channels (1) fails to provide an explanation of the root causes of the crisis, (2) mistakes a subjective human behavior for a mechanical failure and (3) confuses market adjustment mechanisms. From this perspective, the policy aiming to deploy unconventional monetary policies to overcome the broken channels is misguided. The paper fits broken channels into the framework of a more comprehensive theory of the business cycle and suggests a different policy recommendation. |
URI: | https://scholarhub.balamand.edu.lb/handle/uob/1713 | Ezproxy URL: | Link to full text | Type: | Journal Article |
| Appears in Collections: | Department of Economics |
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