Interest rate policies banking and the macroeconomy

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dc.contributor.authorQuadrini, Vincenzo
dc.date.accessioned2019-11-01T00:08:29Z
dc.date.available2019-11-01T00:08:29Z
dc.date.issued2019
dc.descriptionThe debate over the effectiveness of monetary policy often centers around the benefits of low interest rates as a stimulus for the real economy. The idea is that low interest rates encourage spending either in the form of consumption or investment and this promotes employment and production. The potential cost of low interest rates is the possibility of inflation not only in commodity prices but also in the price of assets (for example real estate). Therefore the debate about the desirability of low interest rates centers around the tradeoff between economic stimulus and higher inflation.
dc.file.nameBCCh-sbc-v26-p249_281
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 249-281
dc.identifier.isbn978-956-7421-60-2
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3871
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 26
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectTASAS DE INTERÉSes_ES
dc.subjectBANCOSes_ES
dc.subjectMACROECONOMÍAes_ES
dc.subjectPOLÍTICA MONETARIAes_ES
dc.titleInterest rate policies banking and the macroeconomy
dc.type.docArtículo

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