Taylor, John B. (contributor); Williams, John C. (contributor) - 2008
, the sharp increase in these spreads raised the cost of borrowing and interfered with monetary policy. The widening spreads … and find no empirical evidence that the TAF has reduced spreads. The results have implications for monetary policy and … Report to the
Congress, (February 27).
Cecchetti, Stephen G., “Monetary Policy and the Financial Crisis of 2007 …