Why do interest rates lag at the peak, still rising for a little while (or at least

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Why do interest rates lag at the peak, still rising for a little while (or at least holding steady), while a recession has already started?

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Economics An Introduction To Traditional And Progressive Views

ISBN: 9780765616685

7th Edition

Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers

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Question Posted: Nov 11, 2023 11:41 PM

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Why do interest rates lag at the peak, still rising for a little while (or at least

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Interest rates lag at the peak because it takes time for central banks to recognize that an economy is overheating and needs to be cooled down Central ...View the full answer

Economics An Introduction To Traditional And Progressive Views

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