haku: @author Fuhrer, J. / yhteensä: 5
viite: 4 / 5
| Tekijä: | Fuhrer, J. Moore, J. |
| Otsikko: | Monetary policy trade-offs and the correlation between nominal interest rates and real output |
| Lehti: | American Economic Review
1995 : MAR, VOL. 85:1, p. 219-239 |
| Asiasana: | MONETARY POLICY TRADE INTEREST RATES |
| Kieli: | eng |
| Tiivistelmä: | The authors present a structural model of the U.S. economy that combines their price-contracting specification with a term-structure relationship, an aggregate demand curve, and a monetary-policy reaction function. The model matches important features of postwar data well and provides a structural explanation of the correlation between real output and the short-term nominal rate of interest. |
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