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High Interest Rates: Causes, Consequences, and Issues
This paper reviews the causes of the steep interest rate escalation since 1978 and the persistence of high rates during the recent recession and revival.
High Interest Rates: Causes and Effects
This report describes the major market and policy forces that determine the general level of interest rates. The discussion is related to the recent economic experience of high interest rates and inflation, but may be generally applied to any economic environment.
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