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Hard Landing |
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Hard Landing A situation in which a central bank raises interest rates significantly to curb inflation and, in doing so, drives the economy into recession. For example, in 1981, the Federal Reserve raised the fed funds rate to 20%, which caused inflation to drop from 13.5% in 1981 to 3.2% in 1983. However, high interest rates led directly to a deep recession in the early 1980s. A hard landing is effective at reducing inflation, but is nonetheless undesirable. As a result, central banks only attempt it when there are no other viable options. See also: Soft Landing. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Sometimes people say is this about a hard landing or soft landing and what I point out is in the four rate hike cycles under Volcker and Greenspan, the four major ones, that there were two soft landings and two hard landings. It would be difficult to characterize the position of homebuilders as other than in a hard landing. A helicopter made a hard landing at Van Nuys Airport about 5:15 p. |
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