1.2.09

Που τοποθετούνται (ορθά) τα επιτόκια της FED;

Merrill Lynch economist David Rosenberg’s version of the rule suggests that the right target rate for the Fed would be a negative one percent in the coming year. Former Fed governor Laurence Meyer of Macroeconomic Advisers reckons the rule calls for a rate of negative 4% or lower. Goldman Sachs, with its estimate of 9.5% unemployment and a 0.25% core inflation rate by the end of 2010 suggests that by next year the appropriate target rate for the Fed will be a negative 6%. In other words, low as zero may seem, it’s not only not nearly low enough to encourage growth, it’s restricting the economy.
http://blogs.wsj.com/economics/2009/01/28/feds-target-rate-less-than-zero/

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