The Pattern of Interest Rates: Does it Signal an Impending Recession?
Description:
The cyclical behavior of the economy is of great interest to Congress, yet the onset of an economic downturn is seldom recognized promptly. Policymakers frequently search for reliable recession predictors. The behavior of interest rates may provide advanced warning of an impending downturn. The easing of monetary policy in evidence since September 2007 is consistent with efforts to forestall or minimize an economic downturn. Economic growth has been low since the last quarter of 2007, and some …
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Date:
May 5, 2008
Creator:
Labonte, Marc & Makinen, Gail
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department