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The effect of the Fed’s purchase of long-term treasuries on the yield curve

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  • Daniel L. Thornton

Abstract

Chairman Bernanke seems to suggest that the purchase of a large quantity of longer-term government securities might reduce longer-term rates.

Suggested Citation

  • Daniel L. Thornton, 2009. "The effect of the Fed’s purchase of long-term treasuries on the yield curve," Economic Synopses, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedles:y:2009:n:25
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    File URL: http://research.stlouisfed.org/publications/es/09/ES0925.pdf
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    Cited by:

    1. Friedman, Benjamin M. & Kuttner, Kenneth N., 2010. "Implementation of Monetary Policy: How Do Central Banks Set Interest Rates?," Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 24, pages 1345-1438, Elsevier.
    2. Stefania D'Amico & Thomas B. King, 2012. "Flow and stock effects of large-scale asset purchases: evidence on the importance of local supply," Finance and Economics Discussion Series 2012-44, Board of Governors of the Federal Reserve System (U.S.).

    More about this item

    Keywords

    Government securities; Federal funds rate;

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