On The Contribution of Interest Expense (Income) on Total Output
A decrease in interest rate in traditional view of monetary policy transmission is linked to a lower cost of borrowing which eventually results into a greater spending in investment and a bigger GDP. However, a decrease in interest rate is also linked to a decrease in interest income which, in turn,...
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| Formato: | article |
| Lenguaje: | EN |
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De Gruyter
2021
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| Acceso en línea: | https://doaj.org/article/6e4badd9532e483280eb6483e6b93c24 |
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