Monetary policy and long-term US interest rates
نویسندگان
چکیده
منابع مشابه
Monetary Policy and Long-term Interest Rates
This paper documents some new empirical results about the monetary policy and long-term interest rates in the United States. It shows that changes in the monetary policy stance are more predictable to the bond market in the 1990s than in the 1970s. This shift in the predictability of the monetary policy actions affects the policy’s impact on long-term interest rates as well as the forecasting p...
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ژورنال
عنوان ژورنال: Journal of Macroeconomics
سال: 2006
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2005.02.004