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.

Keywords: Monetary policy - United States; Federal funds market (United States);

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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/10/ES1036.pdf

Authors

Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2010

Order Number: 36