2008 monetary policy regime change: global shift from MP1 (rate-driven) to MP2 (QE). The zero lower bound forces this transition. MP2 represents a structural regime change — not a temporary emergency measure.
2008 monetary policy regime change: global shift from MP1 (rate-driven) to MP2 (QE). The zero lower bound forces this transition. MP2 represents a structural regime change — not a temporary emergency measure.