Policy Briefs

S. Rossi: Roundtable on monetary policy in a low growth, low interest rate environment

The role of interest rates—short- or long-term, nominal or real—is pervasive in modern economies. Changes in interest rates affect: the value of wealth accumulated by savers, their propensity to save, the financing cost for borrowers, the evaluation of investment projects, the sustainability of fiscal debt, the stance of monetary policy. And the list could go on.

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