| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967117 | Journal of Monetary Economics | 2014 | 13 Pages |
Abstract
Can both short and long-term interest rates be targeted independently? Can the target of the term structure help solve the problem of multiplicity of equilibria that occurs when only the short rate is targeted? Both questions are addressed, and the answer is yes to both.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Bernardino Adão, Isabel Correia, Pedro Teles,