A Model of Target Changes and the Term Structure of Interest Rates
收藏NBER1993-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4347
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资源简介:
We explore the effects of official targeting policy on the term-structure of nominal interest rates, adapting relevant insights from theoretical work on "peso problems" to account for realistic infrequency of target changes. Our analysis of daily U.S. interest rates and newly available historical
提供机构:
美国国家经济研究局
创建时间:
1993-04-01



