Interest-Rate Smoothing
收藏NBER1988-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2581
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资源简介：
The paper develops a model in which targeting of the nominal interest rate is a reasonable guide for monetary policy. Expected real interest rates and output are exogenous with respect to monetary variables, and the central bank ends up influencing nominal interest rates by altering expected
提供机构：
美国国家经济研究局
创建时间：
1988-05-01
