Journal Article

The weakened influence of low interest rates on durable goods spending


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;

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File(s): File format is application/pdf http://www.kansascityfed.org/publicat/research/macrobulletins/mb13VanZandweghe-Braxton1119.pdf
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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Macro Bulletin

Publication Date: 2013-11

Pages: 1-3