Price Level Determinacy with an Interest Rate Policy Rule and Rational Expectations
收藏NBER1980-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0559
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资源简介：
This paper reconsiders a result obtained by Sargent and Wallace, namely, that price level indeterminacy obtains in their well-known model if the monetary authorities adopt a policy feedback rule for the interest rate rather than the money stock. Since the Federal Reserve seems often to have used the
提供机构：
美国国家经济研究局
创建时间：
1980-10-01
