If conventional monetary and fiscal policy fail, what then?

如果常规的货币和财政政策全部失败，接下来是什么？

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Action at the short end, Mr Draghi argued, was closer to conventional monetary policy.

ECONOMIST: Charlemagne

In any event, many economists argue that as rates approach zero, conventional monetary policy risks becoming less effective.

ECONOMIST: On the offensive

It also renders conventional monetary policy impotent, as the interest rate that prevents too much saving is below zero.

ECONOMIST: Paul Krugman's London lectures