Interest Rate Volatility and Monetary Policy
收藏NBER1982-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0915
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In October 1979 the Federal Reserve shifted from an interest rate oriented operating procedure to a reserves oriented procedure. It is argued in this paper that part of the very large increase in interest rate volatility which resulted from the policy switch may have been due to shifts in the
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美国国家经济研究局创建时间：
1982-06-01
