Journal Article
The FOMC’s interest rate policy: how long is the long run?
Abstract: The only outcome consistent with the Fisher equation holding and the FOMC?s zero interest rate policy is that the ?long run? is considerably longer than 4.5 years.
Keywords: Monetary policy; Interest rates; Federal Open Market Committee;
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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/11/ES1129.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2011
Order Number: 29