An interest rate peg might be better than you think

C-Tier
Journal: Economics Letters
Year: 2009
Volume: 105
Issue: 2
Pages: 156-158

Authors (2)

Hörmann, Markus (not in RePEc) Schabert, Andreas (Universität zu Köln)

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

Active interest rate policy is frequently recommended based on its merits in reducing macroeconomic volatility and being a simple device. Yet, it might be outperformed by an even simpler policy. A peg can be welfare-enhancing and can uniquely be implemented.

Technical Details

RePEc Handle
repec:eee:ecolet:v:105:y:2009:i:2:p:156-158
Journal Field
General
Author Count
2
Added to Database
2026-01-29