1996RePEc: Research Papers in EconomicsRequires access

Monetary Policy Shocks and Long-Term Interest Rates

Wendy Edelberg, David A. Marshall

Open publisher page 59 citations

Abstract

Exogenous shocks to monetary policy strongly affect short-term interest rates, but have little or no effect on longer-term interest rates.

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Exogenous shocks to monetary policy strongly affect short-term interest rates, but have little or no effect on longer-term interest rates.

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Available abstract

Exogenous shocks to monetary policy strongly affect short-term interest rates, but have little or no effect on longer-term interest rates.

Key concepts: Bond, Economics, Monetary economics, Interest rate, Federal funds, Monetary policy, Bond market, Interbank lending market

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