Season 1 · Episode 142
Interest rates – have they anywhere to go?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
March 18, 201931m 19s
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Show Notes
Interest rates have been low in most parts of the world for some time now – in many places they are actually negative. So, what do central banks do next time there’s a global economic downturn which, as we discussed last time, isn’t very far away now. Phil Dobbie asks Prof Steve Keen whether interest rates are now so low, with little opportunity for them to grow, that they are no longer a useful instrument for central banks.
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