Who Stole the Punchbowl?

Colin Read
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Colin Read: SUNY College at Plattsburgh

Chapter 14 in Global Financial Meltdown, 2009, pp 118-123 from Palgrave Macmillan

Abstract: Abstract While the jury is out as to the reliability and effectiveness of loose monetary policy in all circumstances, there is one thing most all would agree — if the Fed wants to make the economy hurt, it can. Interest rates can only go so low, but they can go sky high. This asymmetry translates into a much greater ability for the Fed to slow, rather than bolster the economy.

Keywords: Interest Rate; Monetary Policy; Mutual Fund; Initial Public Offering; Loanable Fund (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59518-7_14

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DOI: 10.1057/9780230595187_14

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