• Share
  • Print
    • Text Size
    • Smaller
    • Larger
EP cover
On This Page
Vol. 20, No. 2
Last Updated: 04/22/1996

Monetary Policy Shocks and Long-term Interest Rates

Wendy Edelberg

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