What Are the Unconventional Policy Options That Central Bankers Can

question 59

Essay

What are the unconventional policy options that central bankers can use if the traditional target interest rate hits the lower bound?

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Definitions:

Social Television

An integration of television with social media, where audiences can share, comment, and participate in the content they watch, often in real-time, creating a communal viewing experience even when physically apart.

Social Storefronts

Online storefronts integrated within social media platforms, allowing businesses to sell directly to consumers through these channels.

Alternate Reality Games

Interactive networked narrative games that use the real world as a platform, often involving multiple media and game elements to tell a story that may be affected by participants' ideas or actions.

Barriers To Entry

Obstacles that make it difficult for new competitors to enter a market, including high costs, regulatory requirements, and strong brand loyalty among existing consumers.