The benefits of interest rate targeting: a partial and a general equilibrium analysis

An argument that an interest rate peg is desirable because it mitigates the distortions that arise in a monetary economy, and that money growth should be procyclical in order to achieve the interest rate peg.

MoreLess

Year of publication:	1996
Authors:	Carlstrom, Charles T. ; Fuerst, Timothy S.
Published in:	Economic Review. - Federal Reserve Bank of Cleveland. - 1996, Q II, p. 2-14
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Interest rates \| Monetary policy

More details

Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005707882