-Liquidity trap
-Endogenous money supply theory
-Decoupling of fed funds rate and long term interest rates (Comert)
-banks hoarding reserves
-companies borrowing not to invest but to increase shareholder value (Mason)
-household consumption not on the rise (Cynamon and Fazzari)
Most of these ideas address the narrowing of the channels through which interest rates affect growth via consumption and investment.
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