The efficacy of the FOMC’s zero interest rate policy

If investment spending is sufficiently insensitive to interest rate changes and the effect of Fed actions on interest rates is sufficiently weak, the net effect of the persistent zero interest rate policy could be negative.

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Year of publication:	2012
Authors:	Thornton, Daniel L.
Published in:	Economic Synopses. - Federal Reserve Bank of St. Louis. - 2012, 23
Publisher:	Federal Reserve Bank of St. Louis
Subject:	Federal Open Market Committee \| Monetary policy \| Interest rates

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010727276