Federal Reserve Bank of St. Louis
Taming the long-term spreads
Given the size of the underlying markets, cutting the cost of capital to firms and households by reducing the yields required on long-term corporate bonds and mortgages is a key policy objective.
Cite this item
Massimo Guidolin & Yu Man Tam, "Taming the long-term spreads"
, Federal Reserve Bank of St. Louis, Economic Synopses, number 26, 2009.
Keywords: Government securities ; Monetary policy ; Interest rates
This item with handle RePEc:fip:fedles:y:2009:n:26
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