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The High Price of Money: An Interpretation of International Interest Rates, with an Essay on the Main Trends of Real Interest Rates (1960-1994)

The High Price of Money: An Interpretation of International Interest Rates, with an Essay on the Main Trends of Real Interest Rates (1960-1994)

Pierluigi Ciocca
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The argument of this accessible 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 twenty 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.
Language
English
Pages
208
Format
Hardcover
Publisher
Oxford University Press, USA
Release
August 29, 1996
ISBN
0198289499
ISBN 13
9780198289494

The High Price of Money: An Interpretation of International Interest Rates, with an Essay on the Main Trends of Real Interest Rates (1960-1994)

Pierluigi Ciocca
0/5 ( ratings)
Read Download
The argument of this accessible 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 twenty 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.
Language
English
Pages
208
Format
Hardcover
Publisher
Oxford University Press, USA
Release
August 29, 1996
ISBN
0198289499
ISBN 13
9780198289494

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