The Federal Reserve announced on Wednesday ([1], [2]) that it will sell some of its shorter-term assets in order to buy more longer-term assets. Here I assess some of the possible consequences of this move.
http://www.econbrowser.com/archives/2011/09/effects_of_oper.html
http://www.econbrowser.com/archives/2011/09/effects_of_oper.html
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