What Is Yield Curve Control?

Abstract: Australia and Japan have recent experience in controlling the yield curve as a tool to conduct monetary policy. The U.S. did so in the 1940s and early 1950s.

Keywords: yield curves; yield curve control; yield curve caps; monetary policy;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2020-08-11