ON F OO Percentage PR Year Figure 2.2 Centralbankdiscountrates, 18-countryaverages, 1960–2001 (sources: see variables, definitions, and sources in Tables 4.1 and 4.2). ... In the 1960s, fiscal policy was relatively expansionary, as Keynesian expansion was an accepted policy tool, and as governments of industrial democracies did LY not yet have large accumulated debt.7 While low discountrates during the decade (Figure 2 ... country
AIECE General Report - Spring 2009 Policy measures: CentralBanks In the current crisis, interest rates has been cut more rapidly and from a lower level ISAE AIECE General Report - Spring 2009 Policy measures: CentralBanks ... country
Figure 4. CentralBankDiscountRates, Now vs Then (7 countryaverage) ... Figure 4 shows a GDP-weighted average of centralbankdiscountrates ... than simply the difference between George Harrison and Ben Bernanke. The centralbank
Figure 4 shows a GDP-weighted average of centralbankdiscountrates for 7 countries. As can be seen, in both crises there was a lag of five or six months before discountrates responded to the passing of the peak, although in the present crisis ... country
weighted average of centralbankdiscountrates for 7 countries. As can be seen, in both crises there was a lag of five or six months before discountrates responded ... Figure 4. CentralBankDiscountRates, Now vs Then (7 countryaverage): ... Harrison and Ben Bernanke. The centralbank response has differed globally.