Overview

The argument of this monograph is that, contrary to prevailing opinion, high interest rates are not a fact of economic life. The authors argue that this is a conventional assumption rooted in the expectations of financial markets. World economic evidence from the last 20 years indicates that conscious policies are, in fact, capable of altering interest rates in the short term, without heavy costs. Such policies must be devised and pursued if we are to come out of recession.

Full Product Details

Author:   Pierluigi Ciocca ,  Giangiacomo Nardozzi ,  Aviran Levy ,  Fabio Panetta
Publisher:   Oxford University Press
Imprint:   Clarendon Press
Dimensions:   Width: 13.00cm , Height: 2.10cm , Length: 21.00cm
Weight:   0.371kg
ISBN:  

9780198289494

ISBN 10:   0198289499
Pages:   203
Publication Date:   01 July 1996
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

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