Thornton, Daniel L. (contributor) - 2003 - [Elektronische Ressource]
actions of the monetary authority have a direct effect
on interest rates only at the very short end of the yield curve. An … entire yield curve? In countries where a wide variety of bonds with
different maturities are traded, policy actions are …-term
rates are predictably transmitted along the yield curve. Some recent work using U.S.
interest rates (Diebold and Li, 2003 …