Monetary Policy and Real Borrowing Costs at the Zero Lower Bound
收藏NBER2014-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20094
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资源简介：
This paper compares the effects of conventional monetary policy on real borrowing costs with those of the unconventional measures employed after the target federal funds rate hit the zero lower bound (ZLB). For the ZLB period, we identify two policy surprises: changes in the 2-year Treasury yield
提供机构：
美国国家经济研究局
创建时间：
2014-05-01
