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The Need For Very Low Interest Rates In An Era Of Subdued Investment Spending
Wednesday, March 29, 2017 5:01
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from Liberty Street Economics
– this post authored by Thomas Klitgaard and Harry Wheeler
Why have interest rates stayed low for so long after the financial crisis – and will they remain low for the foreseeable future? One way to answer these questions is to use the accounting identity that global saving must equal physical investment spending and argue that low rates have been necessary to prop up investment spending enough to match saving.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201703290603
