haku: @author Bertola, G. / yhteensä: 9
viite: 2 / 9
Tekijä: | Balduzzi, P. Bertola, G. Foresi, S. Klapper, L. |
Otsikko: | Interest rate targeting and the dynamics of short-term rates. |
Lehti: | Journal of Money, Credit and Banking
1998 : FEB, VOL. 30:1, p.26-50 |
Asiasana: | Interest rates Monetary policy |
Kieli: | eng |
Tiivistelmä: | The authors show that during a period of tight targeting (1989-1996) term fed funds spreads from the target displayed pronounced volatility and persistence, which increase with the maturity of the loan. They show that the increase in persistence is consistent with a modelof infrequent, but predictable revisions of the target. |
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