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The Recession Paradox | Alfonso Peccatiello
Forward Guidance
The Effects of Monetary Tightening on the Economy
We've had a boom time, but coming out of a mid cycle slowdown. The Fed is trying to make their best to keep policy tight throughout this low down in economic growth. As long as corporates are not forced to refinance and they have lengthened the duration of the liabilities, the lugs can take longer effectively.
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