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A Partial Equilibrium Analysis of Current US Monetary Policy with a Prediction

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  • Middleton, Elliott III

Abstract

A partial equilibrium analysis of US credit markets reveals that the Federal Reserve System’s current mechanism for raising short-term interest rates has placed the US short-term markets in a position that is far from apparent equilibria achieved over the postwar period.

Suggested Citation

  • Middleton, Elliott III, 2018. "A Partial Equilibrium Analysis of Current US Monetary Policy with a Prediction," SocArXiv ve3uw, Center for Open Science.
    • Handle: RePEc:osf:socarx:ve3uw
    DOI: 10.31219/osf.io/ve3uw
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