… Fed began raising short-term interest rates and set off the year’s … relationship between
monetary policy and long rates during the … in sensitive materials prices affected monetary policy …

… long-term bond prices. 3 Our empirical results imply that the main effect of monetary policy
… change in an index of sensitive materials prices; FF denotes the Federal funds rate; NBR/TR …

… rate behavior. The second section uses the expectations theory of the term structure to show
how the impact of monetary policy on long-term rates … sensitivity” of long-term rates to policy …

… Other changes take the financial markets by surprise, and bond prices move substantially …
interest rate responses to monetary policy, focusing in particular on the movements at the long …

… two roles that long-term nominal interest rates can play in the conduct of monetary policy in
a … The first allows long-term rates to enter the reaction function of the monetary authority. The …

… variable rates and that is more sensitive to the short-term rate, … their debt despite its fixed-rate
longmaturity character.Similarly, … rates is compounded if policy also compresses long rates …

… monetary policy and long-term interest rates. We do so by looking at monetary policy innovations
to the monetary … that short-term interest rates are responsive to monetary shocks for the …

… -term instruments, which affect real spending on interest-sensitive goods, … long-term interest
rate, is not observable. This article explores the link between the behavior of monetary policy …

… Chilean interest rates are quite less sensitive to monetary surprises than US interest rates
are. … Our results indicate that nominal rates are much more sensitive to policy shocks than real …

… Large-Scale Asset Purchases (LSAP) program during 2008–18, and examines the transmission
mechanism of unconventional monetary policy… premium is very sensitive to changes in in…