Monetary Information and Interest Rates

Walsh, Carl

Abstract

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Monetary Information and Interest Rates

Carl E. Walsh

University of California at Santa Cruz; CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

March 1985

NBER Working Paper No. w1589

Abstract:
A model of interest rate movements in response to new information on the money stock is developed.The model, which incorporates several earlier approaches as special cases, makes explicit the manner in which estimated interest rate responses to money surprises depend on the relative variances of nominal and real disturbances, as well as on the monetary authority's policy and the credibility of that policy.

Number of Pages in PDF File: 31

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Date posted: June 18, 2004

Suggested Citation

Walsh, Carl E., Monetary Information and Interest Rates (March 1985). NBER Working Paper No. w1589. Available at SSRN: http://ssrn.com/abstract=336329

Contact Information

Carl E. Walsh (Contact Author) University of California at Santa Cruz ( email ) Santa Cruz, CA 95064 United States 408-459-4082 (Phone) 408-459-5900 (Fax)
CESifo (Center for Economic Studies and Ifo Institute for Economic Research) Poschinger Str. 5 Munich, DE-81679 Germany

Abstract

Monetary Information and Interest Rates

Carl E. Walsh

Date posted: June 18, 2004

Suggested Citation

Contact Information

Carl E. Walsh (Contact Author)