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Monetary Information and Interest Rates / Carl E. Walsh.
- Format:
- Book
- Author/Creator:
- Walsh, Carl E.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w1589.
- NBER working paper series no. w1589
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1985.
- Summary:
- A model of interest rate movements in response to new information on the money stock is developed.The model, which incorporates several earlier approaches as special cases, makes explicit the manner in which estimated interest rate responses to money surprises depend on the relative variances of nominal and real disturbances, as well as on the monetary authority's policy and the credibility of that policy.
- Notes:
- Print version record
- March 1985.
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