banquedefranceBanque de France143482172068329062609/06/2021 - 12:12Trying to stimulate the economy with loose #monetarypolicy is like pushing on a string. An illustration is proposed based on a structural model of the #euroarea embedding downward rigidity in bank lending rates #BdFeco WP 👉https://t.co/mkuUwJ5p8k https://t.co/TwHHOY94Em