Monetary policy and longer-term rates: an opportunity for greater transparency

Daniel Thornton

Economic Synopses, 2010, No 36

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) (search for similar items in EconPapers)
Date: 2010
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