Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10000696865
Persistent link: https://www.econbiz.de/10003561486
Persistent link: https://www.econbiz.de/10010197758
Persistent link: https://www.econbiz.de/10001008857
The behavior of the Federal Reserve System can be characterized as secretive with respect to its control of monetary aggregates. One common justification for this secrecy is that markets will overreact to information, causing undue variability in interest rates. However, the consequences of...
Persistent link: https://www.econbiz.de/10013102663
Returning to a topic first systematically treated by Poole (1970) in a textbook Keynesian model, this paper compares interest rate and money supply rules. Our analysis, by contrast, is conducted within a rational expectations macro model that incorporates flexible prices and informational...
Persistent link: https://www.econbiz.de/10013102933
Persistent link: https://www.econbiz.de/10013103171
Using a segmented market model that includes state-dependent asset market decisions along with access to credit, we analyze the impact that transactions credit has on interest rates and prices. We find that the availability of credit substantially changes the dynamics in the model, allowing...
Persistent link: https://www.econbiz.de/10013088173
Using a segmented market model that includes state-dependent asset market decisions along with access to credit, we analyze the impact that transactions credit has on interest rates and prices. We find that the availability of credit substantially changes the dynamics in the model, allowing...
Persistent link: https://www.econbiz.de/10013214916
Persistent link: https://www.econbiz.de/10011709497