Journal Article
Monetary policy at the zero bound
Abstract: The average relationship between changes in the 10-year Treasury yield and changes in the funds rate over the 1987-2007 sample period is not indicative of the relationship between changes in the funds rate and changes in the 10-year Treasury yield that existed for more than a decade prior to the financial crisis.
Access Documents
File(s):
File format is application/pdf
https://fraser.stlouisfed.org/title/economic-synopses-6715/monetary-policy-zero-bound-624307
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2011
Order Number: 7