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  1. #1
    Eartha is offline Member
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    Default get more bang for their buck

    Dear all,

    How should I understand the underlined?

    Thanks in advance.

    Eartha

    In another paper, Markus Brunnermeier and Yuliy Sannikov of Princeton University provided
    theoretical justification for this approach. Monetary easing usually works by encouraging
    businesses and households to move future consumption and investment forward to today. But it
    also has “redistributive” effects. For example, low short-term interest rates redistribute income
    from depositors to banks, which allows them to rebuild capital and encourages them to lend
    more. Similarly, purchases of ten-year government bonds enrich some investors while hurting
    others, such as pension funds, that depend on bond income to meet longer-dated liabilities. By
    tailoring their instruments to sectors most in need of support, central banks can get more bang
    for their buck.

  2. #2
    charliedeut's Avatar
    charliedeut is offline VIP Member
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    Default Re: get more bang for their buck

    Hi Eartha,

    I think this should do the trick .

    charliedeut
    Please be aware that I'm neither a native English speaker nor a teacher.

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