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.
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/economic_perspectives/1996/epmar96a.pdf
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 1996