Fenz, Gerhard; Schreiner, Josef; Silgoner, Maria Antoinette - In: Monetary Policy & the Economy (2007) 1, pp. 12-27
The global economy continued to look robust at end-2006. In the U.S.A. private consumption increased, notwithstanding the protracted housing slowdown, and the services sector continued to grow at a dynamic pace. In view of the still buoyant economy, a cut in U.S. interest rates does not appear...