Nominal anchors away
Article Abstract:
The author argues that inflation expectations must remain firm despite sharply rising oil prices in order to prevent a more severe economic slowdown in the future. In such a situation, real interest rates will be forced to rise because cutting them will only weaken inflation expectations.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2008
User Contributions:
Comment about this article or add new information about this topic:
Will the Fed save the day?
Article Abstract:
The U.S. Federal Reserve's interest rate cuts in October 2007 rallied financial markets across the world, but experts fear that the move could result in a major financial crisis in the longer term.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Building manufacturing capacity - the chapter and verse. Whither agbiotechnology? Fates intertwined
- Abstracts: Buying a sponsor's brand: the role of affective commitment to the sponsored team
- Abstracts: Toward the generation of rod and cone photoreceptors from mouse, monkey and human embryonic stem cells. A ROCK inhibitor permits survival of dissociated human embryonic stem cells
- Abstracts: BRIC: the new world order: Brazil: playing catch up. BRIC: the new world order: Russia: a land of oil and oligarchs