On the Optimality of Interest Rate Smoothing.

In this paper, we study some continuous-time cash-in-advanced models in which interest rate smoothing is optimal. We consider both deterministic and stochastic models.

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Year of publication:	1996
Authors:	Rebelo, S. ; Xie, D.
Institutions:	University of Rochester - Center for Economic Research (RCER)
Subject:	INFLATION \| ECONOMIC GROWTH \| INTEREST RATE

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Series:	RCER Working Papers.
Type of publication:	Book / Working Paper
Notes:	28 pages
Classification:	E31 - Price Level; Inflation; Deflation ; E43 - Determination of Interest Rates; Term Structure Interest Rates ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; O42 - Monetary Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005808110