Greenspan’s Error

James K. Galbraith

A chapter in Unbearable Cost, 2006, pp 116-117 from Palgrave Macmillan

Abstract: Abstract The Fed’s reduction of one set of interest rates on Friday marked the beginning of the end of Alan Greenspan’s war on inflation. The war began in February 1994 with the Fed’s quarter point increase in the rates that banks charge one another for overnight loans and led to a doubling of those rates, to 6 percent from 3 percent. The financial markets expect further cuts.

Keywords: Interest Rate; Stock Prex; Pension Fund; High Interest Rate; Lower Interest Rate (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-0-230-23672-1_32

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230236721

DOI: 10.1057/9780230236721_32

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().