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Has durable goods spending become less sensitive to interest rates?
Van Zandweghe, Willem; Braxton, John Carter - In: Economic review 98 (2013) 4, pp. 5-27
Persistent link: https://www.econbiz.de/10010260275
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The weakened influence of low interest rates on durable goods spending
Van Zandweghe, Willem; Braxton, John Carter - In: Macro Bulletin (2013) Nov, pp. 1-3
Despite record-low interest rates, the pace of the current economic recovery has been only moderate. One reason is that the positive impact of lowered interest rates on consumer purchases of durable goods has diminished
Persistent link: https://www.econbiz.de/10010747518
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Has durable goods spending become less sensitive to interest rates?
Van Zandweghe, Willem; Braxton, John Carter - In: Economic Review (2013) Q IV, pp. 5-27
Despite record-low interest rates, the pace of the current economic recovery has been only moderate. One reason is that the positive impact of lowered interest rates on consumer purchases of durable goods has diminished. Comparing the current economic recovery with those that followed the...
Persistent link: https://www.econbiz.de/10010748401