monetary policy (1) 썸네일형 리스트형 Private debt, monetary policy tightening and aggregate demand(23-2-24)/Miguel Ampudia 外.BIS Monetary policy is tightening globally while private debt levels stand at historical highs. When private debt to GDP is high, aggregate demand may be more sensitive to interest rate hikes. Yet, after a decade of low rates, the maturity of private debt has generally lengthened, the prevalence of variable rates has fallen, and household net worth has increased. This should counteract the higher de.. 이전 1 다음