Federal Reserve Bank of Kansas City
Has the U.S. economy become less interest rate sensitive?
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.
Cite this item
Jonathan L. Willis & Guangye Cao, "Has the U.S. economy become less interest rate sensitive?"
, Federal Reserve Bank of Kansas City, Economic Review, issue Q II, pages 5-36, 2015.
Keywords: Interest rates; Employment; Monetary policy
This item with handle RePEc:fip:fedker:00027
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