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Since the end of the Great Recession, interest rates have been at historic lowsin some cases, close to zero. How is expansionary monetary policy, or
- Since the end of the Great Recession, interest rates have been at historic lowsin some cases, close to zero. How is expansionary monetary policy, or more specifically a open market purchase, supposed to work? How do near-zero interest rates limit the ability of expansionary monetary policy to work?
- How has the Fed responded to this quandary? That is, what policies has the Fed conducted?
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International Economics
Authors: Robert Carbaugh
15th edition
1285854357, 978-1305177093, 1305177096, 978-1285854359
