Question
An important way of implementing monetary policy is for the central bank to control the overnight rate. Write down an equation, and then use it
An important way of implementing monetary policy is for the central bank to control the overnight rate. Write down an equation, and then use it to explain why it is not necessary for the central bank to control any other longer-term interest rates.
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
