Sardoni, Claudio (contributor) - 2006
, the central bank can also implement an effective monetary policy in a
world in which the demand for base money is nil.
5 …
Even in this highly unrealistic
world, the central bank can influence the entire constellation of short-term interest … Bank of New Zealand.
Woodford, M. 2000. “Monetary Policy in a World without Money.” International
Finance, 2(3): 229 …