Section II. The forecast in detail

Anonymous

National Institute Economic Review, 2001, vol. 177, 15-29

Abstract: We have argued that the base rate should be reduced once again, as a precautionary measure. If the economic situation improves as our forecast suggests, then the reduction is likely to prove short-lived and we would expect it to be reversed in the Spring of next year. But this interest rate reduction would be a useful precautionary measure should the outlook for trade and investment continue to deteriorate. Ten-year interest rates have been rising from the low values in the first quarter of this year. The interest rate reduction we propose would be expected to give the yield curve its traditional upward slope; if rates are raised again the curve should then level off.

Date: 2001
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:177:y:2001:i::p:15-29_4

Access Statistics for this article

More articles in National Institute Economic Review from National Institute of Economic and Social Research Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK. Contact information at EDIRC.
Bibliographic data for series maintained by Kirk Stebbing ().