Yes, because the natural interest rate is negative, and zero
Posted on: September 10, 2016 at 23:16:41 CT
SparkyStalcup MU
Posts:
25038
Member For:
13.48 yrs
Level:
User
M.O.B. Votes:
0
acts as a kind of a lower bound.
If the natural interest rate was higher than the actual interest, inflation (price levels) should be higher than 0.8%, and also should be increasinh
Edited by SparkyStalcup at 23:19:45 on 09/10/16