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Mohamed El-Erian: Central Banks Seek an Edge in a Game They Can’t Win
The old strategies aren’t working as well anymore because the board has changed. Monetary-policy specialists are furiously exploring ways to improve central banks’ effectiveness, particularly should economies fall into a recession — a risk heightened by the coronavirus’s cascading economic stop. The underlying policy motivation is the
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Posted: February 25, 2020 Tuesday 05:00 AM