Question
In June 2017 the Federal Reserve announced an increase in the target Fed Funds rate.The stock market responded positively to this announcement.Explain these results using
In June 2017 the Federal Reserve announced an increase in the target Fed Funds rate. The stock market responded positively to this announcement. Explain these results using the supply and demand of loanable funds framework.
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Money Banking and Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
4th edition
007802174X, 978-0078021749
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