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Monetary policy shocks and long-term interest rates

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  • Wendy Edelberg
  • David A. Marshall

Abstract

Exogenous shocks to monetary policy strongly affect short-term interest rates, but have little or no effect on longer-term interest rates.

Suggested Citation

  • Wendy Edelberg & David A. Marshall, 1996. "Monetary policy shocks and long-term interest rates," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 20(Mar), pages 2-17.
    • Handle: RePEc:fip:fedhep:y:1996:i:mar:p:2-17:n:v.20no.2
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    References listed on IDEAS

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    8. Kwast, Myron L. & Black, Harold, 1983. "An analysis of the behavior of mature black-owned commercial banks," Journal of Economics and Business, Elsevier, vol. 35(1), pages 41-54.
    9. Meeusen, Wim & van den Broeck, Julien, 1977. "Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 435-444, June.
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