SORTING OUT MONETARY AND FISCAL POLICIES

Monetary and fiscal policies have both have gone off track. Excessively easy monetary policy, marked by a massive increase in the Federal Reserve's balance sheet and sustained negative real interest rates, has failed to stimulate faster economic growths but has distorted financial behavior and...

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Veröffentlicht in:	The Cato journal 2018-01, Vol.38 (1), p.171-183
1. Verfasser:	Levy, Mickey D
Format:	Artikel
Sprache:	eng
Schlagworte:	Asset acquisitions Balance sheets Budget deficits Credit policy Economic growth Economic models Fiscal policy GDP Government spending Gross Domestic Product Inflation Interest rates Labor market Medicaid Medicare Monetary policy Mortgage backed securities Productivity Projections Unemployment
Online-Zugang:	Volltext
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