Monetary policy and longer-term rates: an opportunity for greater transparency

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.

MoreLess

Year of publication:	2010
Authors:	Thornton, Daniel L.
Published in:	Economic Synopses. - Federal Reserve Bank of St. Louis. - 2010, 36
Publisher:	Federal Reserve Bank of St. Louis
Subject:	Monetary policy - United States \| Federal funds market (United States)

More details

Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008764410