Taming the long-term spreads
Massimo Guidolin and
Yu-Man Tam ()
Economic Synopses, 2009, No 26
Abstract:
Given the size of the underlying markets, cutting the cost of capital to firms and households by reducing the yields required on long-term corporate bonds and mortgages is a key policy objective.
Keywords: Government securities; Interest rates; Monetary policy (search for similar items in EconPapers)
Date: 2009
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