How Persistent are Monetary Policy Effects at the Zero Lower Bound?
beSpacific 2014-02-16
Summary:
Christopher J. Neely, How Persistent are Monetary Policy Effects at the Zero Lower Bound?, Working Papers 2014-4, Federal Reserve Bank of St. Louis, 09 Feb 2014. “Event studies show that Fed unconventional announcements of forward guidance and large scale asset purchases had large and desired effects on asset prices but do not tell us how long […]
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