Some Issues Concerning Interest Rate Pegging, Price Level Determinacy, and the Real Bills Doctrine
收藏NBER1984-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1294
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资源简介:
In a recent paper, Canzoneri, Henderson, and Rogoff have shown that it is possible for the monetary authority to peg the nominal interest rate without creating price level indeterminacy in a simplified version of the 1975 Sargent-Wallace model. The present paper begins by reviewing that result,
提供机构:
美国国家经济研究局
创建时间:
1984-03-01



