Short and long interest rate targets

A-Tier
Journal: Journal of Monetary Economics
Year: 2014
Volume: 66
Issue: C
Pages: 95-107

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

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

Abstract

Can both short and long-term interest rates be targeted independently? Can the target of the term structure help solve the problem of multiplicity of equilibria that occurs when only the short rate is targeted? Both questions are addressed, and the answer is yes to both.

Technical Details

RePEc Handle
repec:eee:moneco:v:66:y:2014:i:c:p:95-107
Journal Field
Macro
Author Count
3
Added to Database
2026-01-24