Fed liftoff pushed some rates down – Riksbank paper
Researchers find hike in policy rate lowered average interest rates on sub-prime lending
The US Federal Reserve's decision to hike its policy rate in December 2015 caused interest rates to fall in some segments of the market, research by economists at Sveriges Riksbank has found.
Published today (April 22), Fed liftoff and subprime loan interest rates: evidence from the peer-to-peer lending market takes a novel approach to constructing a data set. Authors Christoph Bertsch, Isaiah Hull and Xin Zhang "scraped" 640,000 loan-hour observations from the website of a major US peer-to-peer
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