Dixon, Huw ORCID: https://orcid.org/0000-0002-9875-8965 2022. How does inflation affect the economy when interest rates are near zero? [Online]. Economics Observatory: Economics Observatory. Available at: https://www.economicsobservatory.com/how-does-infl... |
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Abstract
When central banks are keeping policy interest rates near to zero, inflation has a big impact on the economy, notably by making real interest rates negative. This redistributes from savers to borrowers – and since the government is the largest borrower, there is a substantial ‘inflation tax’.
Item Type: | Website Content |
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Date Type: | Published Online |
Status: | Published |
Schools: | Business (Including Economics) |
Subjects: | H Social Sciences > HA Statistics H Social Sciences > HJ Public Finance |
Publisher: | Economics Observatory |
Date of First Compliant Deposit: | 25 November 2022 |
Last Modified: | 25 Nov 2022 16:05 |
URI: | https://orca.cardiff.ac.uk/id/eprint/154468 |
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