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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.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.902888&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleMonetary 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 typeMonograph - View Master Record
Language[English]
FormatDigital text
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.
Description1 online resource (ii, 63 pages) : charts.
Catalogue number
  • FB3-5/2021-27E-PDF
Subject terms
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