NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Is Monetary Policy Effective During Financial Crises?

Frederic S. Mishkin

NBER Working Paper No. 14678
Issued in January 2009

---- Acknowledgements -----

The views expressed here are my own and are not necessarily those of Columbia University or the National Bureau of Economic Research. I thank Raghuram Rajan for his helpful comments.

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