Monday, 21 July 2014

The not-so-new (but very uncertain) neutral

My latest post at Pieria considers the likely future path of interest rates and central bank reaction functions. History shows that central banks delay raising interest rates for too long after a recession, then panic and raise them too much, causing another one. Will they do this again? Probably....

Read the whole post here.





























FOMC meeting. Photo credit: Wikipedia

No comments:

Post a Comment