Achieving Price Stability by Manipulating the Central Bank’s Payment on Reserves
收藏NBER2016-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22761
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资源简介：
Today, all major central banks pay or collect interest on reserves, and stand ready to use the interest rate as an instrument of monetary policy. We show that by paying an appropriate rate on reserves, the central bank can pin the price level uniquely to a target. The essential idea is to index
提供机构：
美国国家经济研究局
创建时间：
2016-10-01
