Term structure transmission of monetary policy
By: Sharon Kozicki and Peter Tinsley
Contributors: Tinsley, P. A. (Peter A.); Federal Reserve Bank of Kansas City. Research Division
Series: RWP -- 05-06; Research working paper (Federal Reserve Bank of Kansas City : Online) -- 05-06.
Publisher: Research Division, Federal Reserve Bank of Kansas City
Published: 2005
Place of publication: Kansas City [Mo.]
Language: eng
Format: [electronic resource] /
Description: "The sensitivity of bond rates to macro variables appears to vary both over time and over forecast horizons.  The latter may be due to differences in forward rate term premiums and in bond trader perceptions of anticipated policy responses at different forecast horizons.  Determinacy of policy transmission through bond rates requires a lower bound on the average responsiveness of term premiums and anticipated policy responses to inflation."
Notes: Title from PDF file (viewed on Dec. 30, 2005).

"December 2005."

Includes bibliographical references.

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