The Federal Funds Rate and the Channels of Monetary Transnission
收藏NBER1990-10-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w3487
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资源简介:
First, we show that the interest rate on Federal funds is extremely informative about future movements of real macroeconomic variables, more so than monetary aggregates or other interest rates. Next, we argue that the reason for this forecasting is that the funds rate sensitively records shocks to
提供机构:
美国国家经济研究局
创建时间:
1990-10-01



