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While real interest rates drive the economy, the Fed's policy instrument is a nominal interest rate. Why don't they simply use the real rate
While real interest rates drive the economy, the Fed's policy instrument is a nominal interest rate. Why don't they simply use the real rate as their policy instrument?
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Answer The Federal Reserve primarily uses nominal interest rates as their policy instrument rather t...
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
