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发帖数: 7948 | 1 Operation TwistThe Federal Open Market Committee known as Operation Twist (
named for the Twist dance craze of the time[1]) began in 1961 was created to
flatten the yield curve in order to promote capital inflows and strengthen
the dollar. The Fed utilized open market operations to shorten the maturity
of public debt in the open market. Although this action was marginally
successful of reducing the spread between long-term maturities and short-
term maturities, it did not continue for a sufficient period of time to be
effective.[2] Yet, despite traditionally being considered a failure, the
action has subsequently been reexamined in isolation and been found to have
been more effective than originally thought.[1] As a result of this
reappraisal, similar action has been suggested as an alternative to
quantitative easing by central banks.[1] |
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