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Ottilia Anna Maunganidze

Ottilia Anna Maunganidze

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Ottilia Anna Maunganidze is Head of Special Projects in the Office of the Executive Director at the Institute for Security Studies (ISS), Pretoria.

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    Could Ultra-Low Interest Rates Be Contractionary?

    Ernest Liu, et al.

    Although low interest rates have traditionally been viewed as positive for economic growth because they encourage businesses to invest in enhancing productivity, this may not be the case. Instead, Ernest Liu, Amir Sufi, and Atif Mian contend, extremely low rates may lead to slower growth by increasing market concentration and thus weakening firms' incentive to boost productivity.


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