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9509 Results

Monetary Policy Pass-Through with Central Bank Digital Currency

Staff Working Paper 2021-10 Janet Hua Jiang, Yu Zhu
Many central banks are considering issuing a central bank digital currency (CBDC). This would introduce a new policy tool—interest on CBDC. We investigate how this new tool would interact with traditional monetary policy tools, such as the interest on central bank reserves.
August 21, 2003

Real Return Bond Funding Review

The Real Return Bond (RRB) program was created in line with the Government's fundamental objective of raising stable, low-cost funding.
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