• Print
  • Email
  • Share

Economic Perspectives, 20, No. 2, March 1996
Monetary Policy Shocks and Long-term Interest Rates

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

Subscribe Now

Register to receive email alerts when new issues are published.

More by this Author


Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2016. All rights reserved.

Please review our Privacy Policy | Legal Notices