The efficacy of the FOMC’s zero interest rate policy

Daniel Thornton

Economic Synopses, 2012, No 23

Abstract: If investment spending is sufficiently insensitive to interest rate changes and the effect of Fed actions on interest rates is sufficiently weak, the net effect of the persistent zero interest rate policy could be negative.

Keywords: Monetary policy; Interest rates; Federal Open Market Committee (search for similar items in EconPapers)
Date: 2012
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