๐”– Bobbio Scriptorium
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Expectation Traps and Monetary Policy

โœ Scribed by Albanesi, Stefania; Chari, V. V.; Christiano, Lawrence J.


Book ID
108534024
Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
257 KB
Volume
70
Category
Article
ISSN
0034-6527

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โœ Brian Sack ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 294 KB

## Abstract Federal funds and eurodollar futures contracts are among the most useful instruments for deriving expectations of the future path of monetary policy. However, reading policy expectations from those instruments is complicated by the presence of risk premia. This paper demonstrates how to