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of securities, including securities that were not included in the purchase programs. These reductions in interest rates …
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Dallas Fed President Richard W. Fisher looks at the causes of the current financial troubles and examines the policies aimed at restoring the system to good working order.
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We investigate the effects of U.S. monetary policy on asset prices using a high-frequency event-study analysis. We test … statements. We measure the effects of these two factors on bond yields and stock prices using a new intraday dataset going back … asset prices, with statements having a much greater impact on longer-term Treasury yields. …
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