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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

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Toshihiko Fukui
Age: 89
Born: 1935
Born: September 7
Economist
Ōsaka
Perception
Rates
Rate
Bank
However
Lower
General
Zero
Policy
Central
Deflation
Interest
Bound
Avert
Cannot
Spite
Conducted
Bounds
Monetary

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