The benefits of interest rate targeting: a partial and a general equilibrium analysis

Charles Carlstrom () and Timothy S. Fuerst ()

Economic Review, 1996, issue Q II, pages 2-14

Abstract: An argument that an interest rate peg is desirable because it mitigates the distortions that arise in a monetary economy, and that money growth should be procyclical in order to achieve the interest rate peg.

Keywords: Interest rates; Monetary policy (search for similar items in EconPapers)
Date: 1996
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