Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10001417703
Persistent link: https://www.econbiz.de/10001227171
Persistent link: https://www.econbiz.de/10000913980
Persistent link: https://www.econbiz.de/10001026255
This paper presents evidence that indicates that U.S. interest rate policy during most of the 1980s can be described by a reaction function in which the federal funds rate rises if real GDP rises above trend GDP, if actual inflation accelerates, or if the long-term bond rate rises. Money growth...
Persistent link: https://www.econbiz.de/10013102231
Market participants recognize two opposing effects of money supply growth on interest rates: a temporary liquidity effect and a permanent expectations effect. That the latter dominates in the long run is clear — a sustained increase in money growth causes proportionally higher interest rates...
Persistent link: https://www.econbiz.de/10013103055