Title of article
Asymmetric interest rate smoothing: The Fed approach
Author/Authors
Anna Florio، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2006
Pages
6
From page
190
To page
195
Abstract
The central bank could have asymmetric preferences for interest rate smoothing depending on the direction of the monetary policyʹs stance. An empirical analysis for the Volcker–Greenspan period strongly supports this possibility for the Federal Reserve
Keywords
Interest rate smoothing , Nonlinear monetary policy rules , Asymmetric policy reactions
Journal title
Economics Letters
Serial Year
2006
Journal title
Economics Letters
Record number
436065
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