The high price of money : an interpretation of world interest rates
著者
書誌事項
The high price of money : an interpretation of world interest rates
Clarendon Press, 1996
- タイトル別名
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Alto prezzo del danaro
- 統一タイトル
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Alto prezzo del danaro
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注記
Translation of: L'alto prezzo del danaro
Includes bibliographical references
内容説明・目次
内容説明
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.
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