Federal Reserve Bank of Cleveland
The benefits of interest rate targeting: a partial and a general equilibrium analysis
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.
Cite this item
Charles T. Carlstrom & Timothy S. Fuerst, "The benefits of interest rate targeting: a partial and a general equilibrium analysis"
, Federal Reserve Bank of Cleveland, Economic Review, issue Q II, pages 2-14, 1996.
This item with handle RePEc:fip:fedcer:y:1996:i:qii:p:2-14
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