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| Re: | Vizsla Breeder Wanted | | Ad: | A packet of envelopes http://www.thediscoverypartnership.com/blog/ promissory notes for loans Robert Hall of Stanford University argued that unconventional monetary policies have been largely ineffective because of the constraints posed by official interest rates that are already effectively at zero. He also dismissed the beneficial effects of the central bank's attempt to provide "forward guidance" to financial markets.
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