Chat with AI
Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 50
Use the following news clip to work the Problems.
Sorry Ben, You Don't Control Long-Term Rates
Perhaps Ben Bernanke didn't learn in school that long-term interest rates are set by the market, but he is about to learn this lesson. Long-term interest rates cannot be manipulated lower by the central bank for a great length of time.
What is the role of the long-term interest rate in the monetary policy transmission process?
Sorry Ben, You Don't Control Long-Term Rates
Perhaps Ben Bernanke didn't learn in school that long-term interest rates are set by the market, but he is about to learn this lesson. Long-term interest rates cannot be manipulated lower by the central bank for a great length of time.
What is the role of the long-term interest rate in the monetary policy transmission process?
Explanation
Verified
Verified
Demand and supply in the market for both...
Macroeconomics 11th Edition by Michael Parkin
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
