Monetary Realism

Understanding The Modern Monetary System…

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Negative Interest Rates and the Business Cycle

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Negative Interest Rates and the Business Cycle The major way interest rates impact the business cycle is through stimulating or suppressing real estate. This is pretty clearly what happens if you look at the data in Ed Leamers paper Housing is the Business Cycle. Mr. Leamer says as much: “For long-run growth, residential investment is… Read More

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