Journal Article

The efficacy of the FOMC’s zero interest rate policy


Abstract: If investment spending is sufficiently insensitive to interest rate changes and the effect of Fed actions on interest rates is sufficiently weak, the net effect of the persistent zero interest rate policy could be negative.

Keywords: Monetary policy; Interest rates; Federal Open Market Committee;

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Authors

    Thornton, Daniel L.

Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2012

Order Number: 23