| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 9549553 | Economics Letters | 2005 | 6 Pages |
Abstract
We show that the benefits from reacting to misalignments in asset prices may disappear when there is noise in the variables to which the monetary policy instrument responds, and this noise is positively correlated across variables.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Fernando Alexandre, Pedro Bação,