According to Bernanke’s policy guide,   Bernanke’s policy guide: 1/4 point reduction in long-term interest rate = $50 billion fiscal stimulus what is the fiscal policy equivalent of a 0.25 percent cut in long-term interest rates?

Macroeconomics: Private and Public Choice (MindTap Course List)
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Chapter12: Fiscal Policy, Incentives, And Secondary Effects
Section: Chapter Questions
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According to Bernanke’s policy guide,

 

Bernanke’s policy guide: 1/4 point reduction in long-term interest rate = $50 billion fiscal stimulus


what is the fiscal policy equivalent of a 0.25 percent cut in long-term interest rates?

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