What is the role of the long-term interest rate in the monetary policy transmission process? Perhaps Ben
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Perhaps Ben Bernanke didn’t learn in school that long-term interest rates are set by the market but he is about to learn this lesson. Long-term interest rates cannot be manipulated lower by the central bank for a great length of time.
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The longterm real interest rate is a key component of the monetary policy tr...View the full answer
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Related Book For 
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
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