کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
10478471 931118 2005 7 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Comment on: “Using a long-term interest rate as the monetary policy instrument”
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Comment on: “Using a long-term interest rate as the monetary policy instrument”
چکیده انگلیسی
The use of a long-term interest rate as the instrument of monetary policy would not have the advantage, sometimes claimed for it, of relaxing the constraint on what can be achieved by monetary policy when the zero lower bound on short-term interest rates is reached. The proposal would also seem an impractical one to implement.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Monetary Economics - Volume 52, Issue 5, July 2005, Pages 881-887
نویسندگان
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