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Quantitative Tightening with Slow-Moving Capital

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NBER2024-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w32757
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资源简介:
We document shifts in investor composition during quantitative tightening, which suggest that investors adjust their portfolios at different speeds. To understand its implications for bond valuation, we develop a general equilibrium model which highlights the dynamic interaction between
创建时间:
2024-07-01
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