Yield curve rotations, monetary shocks, and Greenspan’s Conundrum
Between June 2004 and December 2005 the Federal Reserve conducted a relatively aggressive contractionary policy that saw a steady increase in the effective federal funds rate of over300 basis points. Yet the 10-year treasury rate fluctuated little over 60 basis points and ultimately declined slightl...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
AIMS Press
2019-02-01
|
| Series: | Quantitative Finance and Economics |
| Subjects: | |
| Online Access: | https://www.aimspress.com/article/10.3934/QFE.2019.1.1/fulltext.html |