The perverse response of interest rates

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 2
Pages: 418-420

Authors (2)

Boinet, Virginie (not in RePEc) Martin, Christopher (University of Bath)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The optimal monetary policy response to an increase in aggregate demand may be to reduce the interest rate. This apparently perverse response of interest rates can occur when the Phillips curve is non-linear.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:2:p:418-420
Journal Field
General
Author Count
2
Added to Database
2026-01-25