Journal Article
Assessing real interest rates
Abstract: An assessment of the usefulness of a real-interest-rate guidepost for communicating long-term monetary policy intentions to the public. The author contends that because of inherent complexities in the relationship between real interest rates and policy objectives, a policy framework expressed in terms of ultimate objectives would be more informative, particularly if it included a nominal anchor on the price level.
Keywords: Interest rates; Monetary policy;
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 1993
Issue: Aug
Order Number: 2