Forward guidance in hte yield curve: short rates versis bond supply

Since late 2008 when short-term interest rates reached their zero lower bound central banks have been conducting monetary policy through two primary instruments: quantitative easing (QE) in which they buy long-term government bonds and other long-term securities and so-called forward guidance in whi...

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Autores principales: Greenwood, Robin, Hanson, Samuel G., Vayanos, Dimitri
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3848
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