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- W2163352004 abstract "We reconsider the effects of a policy that sets an artificially low interest rate. Such a policy involves a combination of an interest rate ceiling and a rationing rule that assigns a priority-lending status to export sectors over domestic service sectors. We demonstrate that the policy works as an export-promotion policy, and improves national income. Furthermore, under some conditions, the policy expands the domestic service sector, despite the reduced amount of funds owing to the rationing rule. Finally, the artificially low interest rate improves national welfare." @default.
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- W2163352004 date "2015-01-12" @default.
- W2163352004 modified "2023-10-02" @default.
- W2163352004 title "Artificially Low Interest Rates as Export Promotion Policy" @default.
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- W2163352004 doi "https://doi.org/10.1111/jere.12056" @default.
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