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There was a debate on my Twitter timeline whether or not the Fed sets the entire yield curve. Since I am in the midst of writing a MMT primer, the party line is bubbling up in my mind: the yield curve is a policy variable. However, the exact mechanism is not entirely obvious, and the situation is arguably ambiguous.Bond EconomicsWho Sets The Yield Curve?Brian Romanchuk
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There was a debate on my Twitter timeline whether or not the Fed sets the entire yield curve. Since I am in the midst of writing a MMT primer, the party line is bubbling up in my mind: the yield curve is a policy variable. However, the exact mechanism is not entirely obvious, and the situation is arguably ambiguous.Bond EconomicsWho Sets The Yield Curve?Brian Romanchuk
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Bond EconomicsThere was a debate on my Twitter timeline whether or not the Fed sets the entire yield curve. Since I am in the midst of writing a MMT primer, the party line is bubbling up in my mind: the yield curve is a policy variable. However, the exact mechanism is not entirely obvious, and the situation is arguably ambiguous.
Who Sets The Yield Curve?
Brian Romanchuk