Is There a Corridor System?

In booms, the best system is a corridor system where reserves are arce and interestrate control is achieved by controlling their scarcity or quantity. Whereas in depressions, a floor system is generally optimal. And that's one where there are abundant reserves and where interest rates are set through the interest rate on reserves,. assuming the target is anything but zero. In the floor system, quantitative easing is always possible, and it is generally not possible in a corridor system becausei mean, yan control of intrestret ok. All right, let's go to your third article, george. What are you have for us? Well, i'd like to discuss an article presented briefly at a

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