Monetary Policy Along the Yield Curve: Why Can Central Banks Affect Long-Term Real Rates?
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下载链接：
https://www.nber.org/papers/w32511
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资源简介：
Evidence suggests that monetary policy can affect long-term real interest rates, but it is not clear what drives this outcome. We argue this occurs because very persistent policy-induced interest rate changes may have only weak effects on activity. This can arise when consumption-savings decisions
提供机构：
美国国家经济研究局
创建时间：
2024-06-01
