Interest rate policies banking and the macroeconomy
The 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 pot...
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Banco Central de Chile
2019
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oai-20.500.12580-38712021-04-24T11:14:48Z Interest rate policies banking and the macroeconomy Quadrini, Vincenzo TASAS DE INTERÉS BANCOS MACROECONOMÍA POLÍTICA MONETARIA The 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. 2019-11-01T00:08:29Z 2019-11-01T00:08:29Z 2019 Artículo 978-956-7421-60-2 https://hdl.handle.net/20.500.12580/3871 eng Series on Central Banking Analysis and Economic Policies no. 26 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 249-281 application/pdf Banco Central de Chile |
institution |
Banco Mundial |
collection |
Banco Mundial |
language |
eng |
topic |
TASAS DE INTERÉS BANCOS MACROECONOMÍA POLÍTICA MONETARIA |
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TASAS DE INTERÉS BANCOS MACROECONOMÍA POLÍTICA MONETARIA Quadrini, Vincenzo Interest rate policies banking and the macroeconomy |
description |
The 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. |
format |
Artículo |
author |
Quadrini, Vincenzo |
author_facet |
Quadrini, Vincenzo |
author_sort |
Quadrini, Vincenzo |
title |
Interest rate policies banking and the macroeconomy |
title_short |
Interest rate policies banking and the macroeconomy |
title_full |
Interest rate policies banking and the macroeconomy |
title_fullStr |
Interest rate policies banking and the macroeconomy |
title_full_unstemmed |
Interest rate policies banking and the macroeconomy |
title_sort |
interest rate policies banking and the macroeconomy |
publisher |
Banco Central de Chile |
publishDate |
2019 |
url |
https://hdl.handle.net/20.500.12580/3871 |
work_keys_str_mv |
AT quadrinivincenzo interestratepoliciesbankingandthemacroeconomy |
_version_ |
1718347103722274816 |