Open AccessThe Excess Sensitivity of Long-Term Interest Rates: Evidence and Implications for Macroeconomic Models
Author(s) -
Refet S. Gürkaynak,
Brian P. Sack,
Eric T. Swanson
Publication year - 2003
Publication title -
finance and economics discussion series
Language(s) - English
Resource type - Journals
eISSN - 2767-3898
pISSN - 1936-2854
DOI - 10.17016/feds.2003.50
Subject(s) - economics , monetary policy , interest rate , treasury , inflation (cosmology) , real interest rate , monetary economics , inflation targeting , debt , nominal interest rate , term (time) , fisher hypothesis , econometrics , macroeconomics , physics , archaeology , quantum mechanics , theoretical physics , history