Gagnon, Marie-Hélène; Gimet, Céline - In: Journal of Banking & Finance 37 (2013) 11, pp. 4599-4614
This paper evaluates the domestic and international impacts of lowering short-term interest rates and increasing budget spending on several indicators of liquidity, volatility, credit and economic activity. Data from the 2003–2011 period in the United States, the Euro zone and Canada were used...