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Specification:

  • Monetary policy

Click to read the article below and then answer the questions:

Higher rates for longer are a good thing

  • What is “Zirp”?

  • What correlation does Bair identify in the years 1982-1990 and 1991-2001? 

  • Explain in your own words why higher rates discipline the allocation of money

  • Who benefits most from Zirp, according to the author? Why?

Ariel Slonim at MRU Econinbox

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