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Policy interest rates cannot be reduced further.
First, its policy interest rate is close to zero.
Japan has also kept its policy interest rate close to zero for years, to no avail.
After all, given Fed policy, interest rates could be low for quite a while.
In normal times central banks loosen monetary conditions by pushing down their policy interest rates.
China has a big foreign policy interest in stabilizing Latin America.
"Putting it out there this way increases the level of policy interest," Mr. Terry said.
Stabilising the economy thus is possible only by an equivalent decline in policy interest rates.
Dr. Johnson of the Heritage Foundation disagreed, saying the answers were "of public policy interest".
Even in randomized trials, the experimental sample often differs from the population of policy interest.
Introduces methods for harnessing data to answer questions of cultural, social, economic, and policy interest.
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