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040 |aCaOODSP|beng|erda|cCaOODSP
041 |aeng|bfre
043 |an-cn---
0861 |aFB3-5/2021-27E-PDF
1001 |aBeaudry, Paul, |eauthor.
24510|aMonetary policy, trends in real interest rates and depressed demand / |cby Paul Beaudry and Césaire A. Meh.
264 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2021.
264 4|c©2021
300 |a1 online resource (ii, 63 pages) : |bcharts.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = |aDocument de travail du personnel, |x1701-9397 ; |v2021-27
500 |a"Last updated: August 16, 2021."
504 |aIncludes bibliographical references (pages 43-45).
520 |a"Over the last few decades, real interest rates have trended downward in many countries. The most common explanation is that this reflects depressed demand due to demographic, technological and other real factors such as income inequality. In this paper we explore the claim that these trends may have been amplified by certain features of monetary policy"--Abstract, page ii.
546 |aIncludes abstract in French.
650 0|aInterest rates|xEconometric models.
650 0|aMonetary policy|xEconometric models.
650 6|aTaux d'intérêt|xModèles économétriques.
650 6|aPolitique monétaire|xModèles économétriques.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|v2021-27.|w(CaOODSP)9.806221
85640|qPDF|s1.38 MB|uhttps://publications.gc.ca/collections/collection_2021/banque-bank-canada/FB3-5-2021-27-eng.pdf