From 2008 to 2017, auto loan rates in the United States declined from around 8% to near
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From 2008 to 2017, auto loan rates in the United States declined from around 8% to near historic lows of around 4.5%. At the same time, auto sales increased to near historic high levels by 2017. How, if at all, does this relate to the monetary transmission mechanism?
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Assuming that monetary policy was relatively accommodative during that perio...View the full answer
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Related Book For 
Economics of Money Banking and Financial Markets
ISBN: 978-0134733821
12th edition
Authors: Frederic S. Mishkin
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