How Fiscal Policy Worked in the Past, and What’s Different Now
This article was originally published on ETFTrends.com.
By Dr. Sonu Varghese via Iris.xyz In our previous piece we discussed how monetary policy largely works through housing. Residential investment is most impacted by monetary policy, and is a leading indicator for the economy. This is in contrast to private credit growth and nonresidential spending, which rise during tightening episodes. We explored the issue in the context [...]