Inflation, Nominal Interest Rates, and the Variability of Output /
This paper examines the distribution of output around capacity when money demand is a nonlinear function of the nominal interest rate such that nominal interest rates cannot become negative. When fluctuations in output result primarily from disturbances to the money market, the variance of output is...
| Κύριος συγγραφέας: | |
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| Άλλοι συγγραφείς: | |
| Μορφή: | Επιστημονικό περιοδικό |
| Γλώσσα: | English |
| Έκδοση: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Σειρά: | IMF Working Papers; Working Paper ;
No. 1996/109 |
| Διαθέσιμο Online: | Full text available on IMF |