Interest rates for households and businesses did not decline systematically in crisis, Robert Hall notes

Interest rates for households and businesses did not decline systematically in crisis, Robert Hall notes
Robert Hall on crisis interest rates

During a 2010 interview, Robert Hall discussed how interest rates faced by private decision makers such as households and businesses changed during the 2008-09 crisis. Alan Reynolds highlighted Hall's observation that there was no systematic decline in those interest rates, according to the interview.

Reynolds has previously argued that U.S. federal revenues have changed little as a share of GDP since 1975, cautioning against the use of tax receipts as a misleading metric in fiscal debates (link). In another analysis, he stated that the recent increase in U.S. Treasury yields reflects activity in global bond markets rather than concerns over domestic banking conditions (link). These perspectives provide context for his comments on interest rate movements during financial crises.

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