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نرخ بهرهی کوتاهمدت
Eichner asserts that "it is clear that the Fed is able to set the short-term interest rate at
funds rate]-along with the other short-term interest rate, the Treasury bill
of central banks to keep short-term interest rates constant.
then it is clear that short-term interest rates are exogenous in that sense.
Determined to gain back its control over short-term interest rates, the Fed managed to get the authority to pay interest on required and excess reserves on October
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