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The Response of Interest Rates to the Federal Reserve's Weekly Money Announcements: The "Puzzle" of Anticipated Money

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NBER1987-01-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w2125
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Researchers, using the survey conducted by Money Market Services, Inc., have found that the anticipated component in the Federal Reserve's weekly money supply announcement is negatively correlated with the post- announcement change in market yields. We prove that eliminating a (downward) bias in the
提供机构:
美国国家经济研究局
创建时间:
1987-01-01
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