In 2008 the Fed reduced both the discount and federal fund rates dramatically. But bank loan volume

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In 2008 the Fed reduced both the discount and federal fund rates dramatically. But bank loan volume didn’t increase. What considerations might have constrained the market’s response to Fed policy?

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: May 30, 2018 02:48 AM

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In 2008 the Fed reduced both the discount and federal fund rates dramatically. But bank loan volume

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Consumers and businesses take out loans with the anticipation that they will be a...View the full answer

The Macro Economy Today

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