Cure for Economic Slumps Seen in Raising Rates: Cutting Research – Bloomberg 11-23-12

On November 23, 2012   /   Economics, Finland Economy, Germany Economy, Netherlands Economy, Norway Economy, Switzerland, US Economy  

Salient to Investors: Stephanie Schmitt-Grohe and Martin Uribe at the National Bureau of Economic Research said the solution to an economic slump is higher interest rates when the cause of that slump is a confidence shock that cheap borrowing costs are failing to reverse, and ultra-easy monetary policy risks making fears of deflation a self-fulfilling

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