Journal Article

Monetary policy shocks and long-term interest rates

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

Keywords: Bonds; Interest rates; Monetary policy;

Access Documents


Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Economic Perspectives

Publication Date: 1996

Volume: 20

Issue: Mar

Pages: 2-17