Understanding Monetary Policy with John B. Taylor (Lessons from the Hoover Policy Boot Camp) | Ch 3
Автор: PolicyEd
Загружено: 2019-07-02
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When interest rates are low, people are more likely to hold on to money. When interest rates rise, the cost of holding money rises and so individuals are more likely to invest in assets that pay interest. As the central bank, the Federal Reserve controls monetary policy primarily by influencing interest rates.
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Chapter 1: http://bit.ly/2xsMuMp
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