The Fed's Preference for Policy Rate Smoothing: Overestimation Due to Misspecification?

C-Tier

Journal: B.E. Journal of Macroeconomics

Year: 2006

Volume: 6

Issue: 2

Pages: 22

Authors (1)

Castelnuovo Efrem (not in RePEc)

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

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