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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Autor principal: Quadrini, Vincenzo
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3871
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spelling 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
spellingShingle 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
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