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Monetary Policy Rules and Financial Stability

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NBER1994-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4692
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This paper investigates empirically the possibility that a central bank could adhere to a macro-oriented monetary policy rule while also providing lender-of-last-resort services to the financial system. The method considered involves smoothing week-to-week movements of an interest rate instrument so
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1994-04-01
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