Can Central Banks Target Bond Prices?Kenneth Kuttner
NBER Working Paper No. 12454 ---- Acknowledgements ----- I am grateful to Toshiki Jinushi for helpful discussions; to Ehung Gi Baek, Ben Friedman, Brian Sack and Ellis Tallman for detailed comments on an earlier draft; and to my former colleagues at the Federal Reserve Bank of New York, especially Tony Rodrigues, for ideas that contributed to this paper. |
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