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Industry sector and outsourcing
Many companies have chosen to outsource segments of their business to external providers in order to cut costs and improve quality and/or efficiencies. Common business segments that are outsourced include Information Technology (IT) and Human Resources (HR). The data below show the types of out- sourcing decisions made (no outsourcing, IT only, HR only, both IT and HR) by a sample of companies from var- ious industry sectors.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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