In 2009, in the wake of the global financial crisis when interest rates were at their lowest,
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In 2009, in the wake of the global financial crisis when interest rates were at their lowest, the governments around the world instituted programs designed in part to stimulate new spending on automobiles and major appliances. What does this say about views of the health of the interest rate channel during that time?
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Despite very low interest rates as a result of monetary easing exp...View the full answer
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Related Book For 
The Economics of Money Banking and Financial Markets
ISBN: 978-0321785701
5th Canadian edition
Authors: Frederic S. Mishkin, Apostolos Serletis
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