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Perspectives on U.S. Monetary Policy Tools and Instruments

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NBER2019-06-01 更新2025-01-04 收录
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The Federal Reserve characterizes its current policy decisions in terms of targets for the fed funds rate and the size of its balance sheet. The fed funds rate today is essentially an administered rate that is heavily influenced by regulatory arbitrage and divorced from its traditional role as a

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2019-06-01
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