Short and long interest rate targets

Bernardino Adão, Isabel Correia () and Pedro Teles

Journal of Monetary Economics, 2014, vol. 66, issue C, 95-107

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.

Keywords: Monetary policy; Monetary policy instruments; Term structure; Multiplicity of equilibria (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0304393214000488
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Short and Long Interest Rate Targets (2012)
Working Paper: Short and Long Interest Rate Targets (2010)
Working Paper: Short and long interest rate targets (2010)
Working Paper: Short and Long Interest Rate Targets (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:66:y:2014:i:c:p:95-107

DOI: 10.1016/j.jmoneco.2014.03.005

Access Statistics for this article

Journal of Monetary Economics is currently edited by R. G. King and C. I. Plosser

More articles in Journal of Monetary Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().