Popular posts this week
- Book Review: Unsettled: What Climate Science Tells Us, What It Doesn’t, and Why It Matters by Steve Koonin
- Book Review: Welcoming New Americans? Local Governments and Immigrant Incorporation by Abigail Fisher Williamson
- Ted Cruz has no regrets, a diplomatic spat with India, and fewer Republicans believe in evolution – US national blog round up for 28 December – 3 January 2014
- Nearly 50 years on, Title IX’s implementation means that student athletes are aware of and want to tackle gender inequalities in athletic opportunities
U.S monetary policy is less powerful in recessions
U.S monetary policy is less powerful in recessions
With immense pressure on public finances during the Great Recession restricting the use of fiscal policies, many governments have turned to monetary policy instruments to aid economic recovery. But how effective are these policies in times of recession? Silvana Tenreyro and Gregory Thwaites find that changes in official interest rates have no discernible effect on the economy during recessions. In […]