Can the Central Bank Peg Real Interest Rates? A Survey of Classical and Neoclassical Opinion

Humphrey, Thomas M.

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Can the Central Bank Peg Real Interest Rates? A Survey of Classical and Neoclassical Opinion

FRB Richmond Economic Review, Vol. 69, No. 5, September/October 1983, pp. 12-21

10 Pages Posted: 24 Aug 2012

See all articles by Thomas M. Humphrey

Thomas M. Humphrey

Federal Reserve Banks - Federal Reserve Bank of Richmond

Date Written: 1983

Abstract

Among the more contentious issues in the continuing debate over monetary policy is the central bank’s ability permanently to peg real interest rates.

Suggested Citation: Suggested Citation

Humphrey, Thomas M., Can the Central Bank Peg Real Interest Rates? A Survey of Classical and Neoclassical Opinion (1983). FRB Richmond Economic Review, Vol. 69, No. 5, September/October 1983, pp. 12-21, Available at SSRN: https://ssrn.com/abstract=2118157