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Cover for Household Consumption and Long-Term Interest Rates
dc.contributor.advisorBednarzik, Roberten
dc.creatoren
dc.date.accessioned2015-06-01T16:46:00Zen
dc.date.available2015-06-01T16:46:00Zen
dc.date.created2015en
dc.date.issueden
dc.date.submitted01/01/2015en
dc.identifier.otherAPT-BAG: georgetown.edu.10822_760961.tar;APT-ETAG: 7a4f5baa58689d2e67672138963186b0; APT-DATE: 2017-02-15_09:33:34en
dc.identifier.urien
dc.descriptionM.P.P.en
dc.description.abstractFollowing the financial crisis there were many questions raised about the proper role and efficacy of monetary and fiscal policy. One such area of debate surrounds the effects of changes to interest rates have on household consumption. This paper use Consumer Expenditure Survey data along with state base Mortgage Interest Rate Survey data to estimate this relationship. The analysis finds a slight but significant positive correlation suggesting that households contracted their spending when interest rates went down. These findings suggest that there are other important factors that determined consumption spending, and that monetary and fiscal policy makers should aim to understand what caused households to lower their spending even as interest rates fell.en
dc.formatPDFen
dc.format.extent27 leavesen
dc.languageenen
dc.publisherGeorgetown Universityen
dc.sourceGeorgetown University-Graduate School of Arts & Sciencesen
dc.sourcePublic Policy & Policy Managementen
dc.subject.lcshEconomicsen
dc.subject.lcshPublic policyen
dc.subject.otherEconomicsen
dc.subject.otherPublic policyen
dc.titleHousehold Consumption and Long-Term Interest Ratesen
dc.typethesisen


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