Central banks and market interest rates

摘要: In a worm of endogenous money, the central bank's role in monetary policy is reduced to setting very short-term official rate interest, which indicates price at it will make liquidity available banking system. However, changes market rates that affect behavior, and so ability bank influence anything all depends, first, on interaction between rates. this paper, we use vector autogressive error correction model explore response three have been featured previously journal debates about demand for money.