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~institution:"Economics, Indian Institute of Management"
~institution:"Federal Reserve Bank of San Francisco"
~person:"Williams, John C."
~subject:"Interest rate policy"
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Federal Reserve Bank of San Francisco
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Using a long-term interest rate as the monetary policy instrument
McGough, Bruce
(
contributor
); …
-
2004
ation is unity, and that the natural rate of interest is zero. The
innovations
et and ut are assumed to be white noise.3 We …
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