SM Sanjay Mittal (not verified) 8th June 2017 | 6:46am The whole idea that interest rate adjustments are a good way of regulating aggregate demand is nonsense. Some of the reasons are in Part III (sections 10 & 11) here: https://mpra.ub.uni-muenchen.de/78896/1/MPRA_paper_78896.pdf Reply
The whole idea that interest rate adjustments are a good way of regulating aggregate demand is nonsense. Some of the reasons are in Part III (sections 10 & 11) here:
https://mpra.ub.uni-muenchen.de/78896/1/MPRA_paper_78896.pdf