Journal Article
Assessing real interest rates
Abstract: An assessment of the usefulness of a real-interest-rate guidepost for communicating long-term monetary policy intentions to the public. The author contends that because of inherent complexities in the relationship between real interest rates and policy objectives, a policy framework expressed in terms of ultimate objectives would be more informative, particularly if it included a nominal anchor on the price level.
Access Documents
File(s):
File format is application/pdf
https://fraser.stlouisfed.org/title/economic-commentary-federal-reserve-bank-cleveland-4515/assessing-real-interest-rates-495521
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 1993
Issue: Aug
Order Number: 2