Interest-Rates-Free Monetary Policy Rule

Thomas Raffinot
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Thomas Raffinot: Mercury Publication

No 6898, Working Papers from George Mason University, Mercatus Center

Abstract: Interest rates are unreliable indicators of appropriate monetary policy; low nominal rates do not indicate easy money. This paper attempts to assess the stance of monetary policy without relying on interest rates. A new monetary policy rule is developed b

Pages: Length not available.
Date: 2017-05-24
New Economics Papers: this item is included in nep-mon
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