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.
Access Documents
File(s):
File format is application/pdf
https://fraser.stlouisfed.org/title/economic-synopses-6715/monetary-policy-longer-term-rates-624298
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2010
Order Number: 36