Interest Rates Blue


Sheets of five dollar notes go through a machine to receive a serial number and the seals of the U.S. Treasury and Federal Reserve at the Bureau of Engraving and Printing in Washington, D.C., U.S., on Tuesday, April 23, 2013. Stocks rallied amid growth in U.S. home sales, better-than-forecast earnings and speculation the European Central Bank will cut interest rates. U.S. equities recovered after briefly erasing gains following a false report of explosions at the White House. Photographer: Andrew Harrer/Bloomberg


在《纸上承诺》(Paper Promises)这本书中,作者Philip Coggan指出,当钱(money)处在不同状态时,对经济会有不同的影响。
A magnifying glass is held over a 50 subject one dollar note sheet after being printed by an intaglio printing press in this arranged photograph at the U.S. Bureau of Engraving and Printing in Washington, D.C., U.S., on Tuesday, April 14, 2015. Republican efforts to pass a fiscal year 2016 budget cleared another hurdle as the House named its members to a conference committee and Senate Majority Leader Mitch McConnell pledged to do the same by the end of the week. Photographer: Andrew Harrer/Bloomberg


《华尔街日报》(The Wall Street Journal)在8月22日刊登的一篇文章中指出,由于经济增长缓慢,通货膨胀率也始终没有达到2%的目标水平,联储局在接下来几年内应该都无法将利率调高至4%或以上的正常水平。
Debt Green


本站之前刊登了几篇探讨超低利率(ultra-low interest rate)的文章。在利率偏低的情况下,政府能以较低的成本借钱来应付财政开支,但这也可能令政府承担的债务增加。
Dried River 2


自全球金融危机爆发以来,许多国家都调低利率以刺激经济增长,一些国家还实行了负利率政策。超低利率(ultra-low interest rate)会持续多久呢?
Dr Chan 2