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Central banks no longer set the short-term interest rates that they use for monetary policy purposes by manipulating the supply of banking system reserves, as in conventional economics textbooks; this process normally involves little or no variation in the supply of central bank liabilities. In...
Persistent link: https://www.econbiz.de/10014025618
Central banks no longer set the short-term interest rates that they use for monetary policy purposes by manipulating the supply of banking system reserves, as in conventional economics textbooks; today this process involves little or no variation in the supply of central bank liabilities. In...
Persistent link: https://www.econbiz.de/10013141286
Persistent link: https://www.econbiz.de/10003990816
Persistent link: https://www.econbiz.de/10008934666
Central banks no longer set the short-term interest rates that they use for monetary policy purposes by manipulating the supply of banking system reserves, as in conventional economics textbooks; today this process involves little or no variation in the supply of central bank liabilities. In...
Persistent link: https://www.econbiz.de/10012462492
The object of this paper is to test several familiar hypotheses about the relationship between the forward rates implied by the term structure and interest rate expectations, using the one ongoing systematic survey that samples market participants' expectations. The substitution of survey data...
Persistent link: https://www.econbiz.de/10013323586
The object of this paper is to test several familiar hypotheses about the relationship between the forward rates implied by the term structure and interest rate expectations, using the one ongoing systematic survey that samples market participants' expectations. The substitution of survey data...
Persistent link: https://www.econbiz.de/10012478855
Persistent link: https://www.econbiz.de/10001538182
Persistent link: https://www.econbiz.de/10001604792
Persistent link: https://www.econbiz.de/10002732992