Unconventional Monetary Policy and Long-Term Interest Rates /

This paper examines the transmission mechanism through which unconventional monetary policy affects long-term interest rates. I construct a real-time measure summarizing market projections of the magnitude and duration of the Federal Reserve's Large Scale Asset Purchases (LSAP) program, and ana...

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Bibliographic Details
Main Author: Wu, Tao
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2014.
Series:IMF Working Papers; Working Paper ; No. 2014/189
Online Access:Full text available on IMF

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