Journal Article
The benefits of interest rate targeting: a partial and a general equilibrium analysis
Abstract: 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.
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https://fraser.stlouisfed.org/title/economic-review-federal-reserve-bank-cleveland-1328/1996-quarter-2-4725?page=3
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Review
Publication Date: 1996
Issue: Q II
Pages: 2-14