Federal Reserve Bank of Philadelphia
The Policy Perils of Low Interest Rates
Well before central banks slashed rates to fight the Great Recession, long-term market rates began slipping. With no reversal in sight, will policymakers lose their main recession-fighting tool?
Cite this item
Lukasz A. Drozd, "The Policy Perils of Low Interest Rates"
, Federal Reserve Bank of Philadelphia, Economic Insights, volume 3, issue 1, pages 1-10, Q1 2018.
Keywords: interest rates; recession
This item with handle RePEc:fip:fedpei:00025
is also listed on EconPapers
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