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The expectations hypothesis of the term structure of interest rates, open interest rate parity and central bank policy reaction

โœ Scribed by Peter Kugler


Book ID
117333617
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
45 KB
Volume
66
Category
Article
ISSN
0165-1765

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Central bank policy reaction and the exp
โœ Peter Kugler ๐Ÿ“‚ Article ๐Ÿ“… 1997 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 125 KB ๐Ÿ‘ 1 views

This paper applies the monetary policy reaction model developed by McCallum to the term structure of interest rates. First, it contains the solution of a rational expectations model of the central bank policy reaction, with respect to the current long short-spread for the N period long rate case. Se