The weakened influence of low interest rates on durable goods spending

John Carter Braxton and Willem Van Zandweghe

Macro Bulletin, 2013, 1-3

Abstract: Despite record-low interest rates, the pace of the current economic recovery has been only moderate. One reason is that the positive impact of lowered interest rates on consumer purchases of durable goods has diminished

Keywords: Interest rates; Gross domestic product; Durable goods (search for similar items in EconPapers)
Date: 2013
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