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Federal Reserve Bank of Kansas City
Macro Bulletin
The weakened influence of low interest rates on durable goods spending
Willem Van Zandweghe
John Carter Braxton
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


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Willem Van Zandweghe & John Carter Braxton, "The weakened influence of low interest rates on durable goods spending" , Federal Reserve Bank of Kansas City, Macro Bulletin, pages 1-3, number 00004, Nov 2013.
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Keywords: Interest rates; Durable goods; Gross domestic product
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