Suppose that the anemic growth in the U.S. economy following the financial crisis of 20072009 was a
Question:
Suppose that the anemic growth in the U.S. economy following the financial crisis of 2007–2009 was a result of “secular stagnation.” Use the Fisher equation to explain why raising the central bank’s inflation target could help boost economic growth in circumstances where nominal interest rates are close to the effective lower bound
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The Fisher equation links the nominal interest rate the real interest rate and expected ...View the full answer
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Related Book For 
Money Banking and Financial Markets
ISBN: 978-1259746741
5th edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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