利率渠道
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In open economy system, the interest rate channel has been blocked somehow because the interest rate stickiness.
本文重点研究了开放经济条件下的利率渠道和资本市场渠道。
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That used up the traditional interest-rate channel of monetary policy, but not the more direct channel of money supply growth.
FORBES: Nothing to Fear from Fed's Monetary Ease
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