Monetary policy, trends in real interest rates and depressed demand / by Paul Beaudry and Césaire A. Meh.: FB3-5/2021-27E-PDF
"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.
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| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Monetary policy, trends in real interest rates and depressed demand / by Paul Beaudry and Césaire A. Meh. |
| Series title | Staff working paper = Document de travail du personnel, 1701-9397 ; 2021-27 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: August 16, 2021." Includes bibliographical references (pages 43-45). Includes abstract in French. |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2021. ©2021 |
| Author / Contributor | Beaudry, Paul, author. |
| Description | 1 online resource (ii, 63 pages) : charts. |
| Catalogue number |
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| Subject terms | Interest rates -- Econometric models. Monetary policy -- Econometric models. Taux d'intérêt -- Modèles économétriques. Politique monétaire -- Modèles économétriques. |
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