In Defense of Low Interest Rates

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  Macro-Financial Models of Canadian Dollar Interest Rate Swap Yields

  Tanweer Akram, and Khawaja Mamun
  Abstract

  In recalling John Maynard Keynes’s revolutionary theory of interest, reviewing the doctrines Keynes sought to overthrow, and analyzing the structural transformations of the US economy, James K. Galbraith maintains there is no alternative to a policy of low interest rates. However, such a policy cannot be effective, he argues, without a radical restructuring of the […]

  Download Policy Note 2023/3 PDF (207.77 KB)
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  In recalling John Maynard Keynes’s revolutionary theory of interest, reviewing the doctrines Keynes sought to overthrow, and analyzing the structural transformations of the US economy, James K. Galbraith maintains there is no alternative to a policy of low interest rates. However, such a policy cannot be effective, he argues, without a radical restructuring of the […]

  Download Policy Note 2023/3 PDF (207.77 KB)
• Working Paper No. 1051 May 10, 2024

  Euro Interest Rate Swap Yields: Some ARDL Models

  Tanweer Akram, and Khawaja Mamun
  Abstract

  In recalling John Maynard Keynes’s revolutionary theory of interest, reviewing the doctrines Keynes sought to overthrow, and analyzing the structural transformations of the US economy, James K. Galbraith maintains there is no alternative to a policy of low interest rates. However, such a policy cannot be effective, he argues, without a radical restructuring of the […]

  Download Policy Note 2023/3 PDF (207.77 KB)