Do the Effects of Interest Rate Changes Depend on Inflation?

Dimitris Christopoulos, Peter McAdam and Elias Tzavalis

Economic Review, 2023, vol. 108, issue 4, 11

Abstract: When inflation is persistently high, the economy reacts to monetary policy more slowly and with more volatility.

Keywords: interest rates; inflation; monetary policy (search for similar items in EconPapers)
Date: 2023
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DOI: 10.18651/ER/v108n4ChristopoulosMcAdamTzavalis

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