Equilibrium Implications of Interest Rate Smoothing


We introduce a macro-finance model in which monetary authorities adjust the money supply by targeting not only output and inflation but also the slope of the yield curve. We study the impact of McCallum-type rules on capital... [ view full abstract ]


  1. Diogo Duarte (Florida International University)
  2. Rodolfo Prieto (Boston University,)

Topic Areas

Equilibrium Models , Term-Structure Models


TU-P-SW » Equilibria: Macro - and Microeconomic Aspects (14:30 - Tuesday, 17th July, Swift)

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