Interest Rate Rules and Money as an Indicator Variable

2012 ◽  
Vol 45 (4) ◽  
pp. 501-529
Author(s):  
Christina Gerberding, ◽  
Franz Seitz, ◽  
Andreas Worms
2001 ◽  
Author(s):  
José A. Rodrigues Neto ◽  
Fabio Araujo ◽  
Marta B.J. Moreira

Author(s):  
Harold L. Cole

In this chapter we introduce various formulations of central bank policy rule consider their implications within the context of our model. We introduce preference shocks to our model to create a motivation for smoothing by the central bank.


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