... (for instance, Lombra and Torto,1977; Thornton, 1986 and 1994; Cook and Hahn, 1988 and 1989; and Radecki and Reinhart, 1994), the Bank of England (Dale, 1993), the Bank of Canada(Paquet and ... J., and Vincent Reinhart, 1994, The Financial Linkages in the Transmission of Monetary Policy in the United States,” in NationalDifferences in Interest Rate Transmission (Basel: Bank for InternationalSettlements), ... 817–38.ANTICIPATION IN CENTRAL BANK INTEREST RATE POLICY 671change. Therefore, predicting the market response to changes in officialrates requires that these changes be decomposed into their anticipated and unanticipated...