Journal Article
Monetary policy and longer-term rates: an opportunity for greater transparency
Abstract: The FOMC?s two-pronged approach involves a potential conflict: forward guidance assumes a high degree of substitutability across the maturity structure, while quantitative easing assumes a low degree.
Keywords: Monetary policy - United States; Federal funds market (United States);
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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/10/ES1036.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2010
Order Number: 36