Monetary Policy Shocks and Long-Term Interest Rates
Wendy Edelberg, David A. Marshall
Abstract
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Wendy Edelberg, David A. Marshall
Abstract
Open-access reader
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.
Key concepts: Bond, Economics, Monetary economics, Interest rate, Federal funds, Monetary policy, Bond market, Interbank lending market