On the Optimality of Interest Rate Smoothing

Sergio Rebelo () and Danyang Xie

RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Abstract: In this paper, we study some continuous-time cash-in-advanced models in which interest rate smoothing is optimal. We consider both deterministic and stochastic models.

Keywords: INFLATION; ECONOMIC GROWTH; INTEREST RATE (search for similar items in EconPapers)
JEL-codes: E31 E43 E52 O42 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1996
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Related works:
Journal Article: On the optimality of interest rate smoothing (1999)
Working Paper: On the Optimality of Interest Rate Smoothing (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:roc:rocher:427

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