실패한 ‘금리 절벽’ 개선의 역사… ‘잔혹한 금융’ 이번엔 바뀔까

The history of attempts to fix the 'interest rate cliff' has been marked by failures, suggesting a pattern of 'cruel finance.' This phenomenon, where abrupt interest rate changes create significant economic disruptions, has proven difficult to manage. Previous efforts to smooth these transitions or mitigate their impact have not yielded lasting solutions. The question remains whether current or future financial policies can break this cycle of harsh economic consequences.

Understanding the recurring failures in managing interest rate cliffs is crucial for developing more stable and predictable financial systems that protect the economy from severe shocks.