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;
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 1996
Volume: 20
Issue: Mar
Pages: 2-17