On Tue, 30 Oct 2001, Gerald_A_Levy wrote: > Federal Reserve cuts in interest rates intended to stimulate > borrowing, investment, and aggregate supply. I would credit the Fed with being smarter than that. Surely the rate cuts are designed to increase aggregate _demand_. Of course, if the general macroeconomic conditions are depressed enough the cuts may not be very effective (Keynes and "pushing on a piece of string".) Allin.
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