Daniel L. Thornton
Abstract
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Daniel L. Thornton investigates the responsiveness of interest rates to changes in monetary policy. Analysts often argue, Thornton notes, that changes in monetary policy initially affect the economy through a “liquidity effect” on interest rates.
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Daniel L. Thornton investigates the responsiveness of interest rates to changes in monetary policy. Analysts often argue, Thornton notes, that changes in monetary policy initially affect the economy through a “liquidity effect” on interest rates.
Key concepts: Monetary policy, Economics, Interest rate, Term (time), Monetary economics, Yield curve, Physics, Quantum mechanics