Journal Article
The weakened influence of low interest rates on durable goods spending
Abstract: Despite record-low interest rates, the pace of the current economic recovery has been only moderate. One reason is that the positive impact of lowered interest rates on consumer purchases of durable goods has diminished
Keywords: Interest rates; Gross domestic product; Durable goods;
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http://www.kansascityfed.org/publicat/research/macrobulletins/mb13VanZandweghe-Braxton1119.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of Kansas City
Part of Series: Macro Bulletin
Publication Date: 2013-11
Pages: 1-3