MONETARY POLICY AS A CARRY TRADE Marvin Goodfriend1 Revised August 2014 ABSTRACT: Quantitative monetary policy at the zero interest bound should be understood as a “bond market carry trade.” Net interest earnings on

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Money Inflation Interest rates Finance Quantitative easing Federal Reserve System Deflation Central bank Federal funds rate Economics Macroeconomics Monetary policy		MONETARY POLICY AS A CARRY TRADE Marvin Goodfriend1 Revised August 2014 ABSTRACT: Quantitative monetary policy at the zero interest bound should be understood as a “bond market carry trade.” Net interest earnings on Add to Reading List Source URL: www.snb.ch Download Document from Source Website File Size: 176,03 KB Share Document on Facebook

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