Journal Article

Has the U.S. economy become less interest rate sensitive?

Abstract: Jonathan Willis and Guangye Cao investigate shifts in the economy?s sensitivity to interest rates by examining how total employment responds to changes in monetary policy.

Keywords: Interest rates; Employment; Monetary policy;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Review

Publication Date: 2015

Issue: Q II

Pages: 5-36