{"id":22878,"date":"2014-12-21T22:46:35","date_gmt":"2014-12-21T21:46:35","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=22878"},"modified":"2014-12-21T22:46:57","modified_gmt":"2014-12-21T21:46:57","slug":"22878","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/22878\/","title":{"rendered":"Central Bank and Interest Rates"},"content":{"rendered":"

Philip Pilkington writes:\u00a0 Does the central bank control the long-term interest rate? Yes. Does it control the spread between the long-term rate and the short-term rate? There is no evidence to confirm this and the evidence that we do have \u2014 taking the Fed at its word \u2014 suggests that they do not. But regardless, next time some economists tells you that the markets control the long-term rate of interest you can safely tell them that they have absolutely no idea what they are talking about. Interest Rates and Central Bank<\/strong><\/a><\/p>\n

\"Interest<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Philip Pilkington writes:\u00a0 Does the central bank control the long-term interest rate? Yes. Does it control the spread between the long-term rate and the short-term rate? There is no evidence to confirm this and the evidence that we do have … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-22878","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t