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Monetary Information and Interest Rates

31 Pages Posted: 18 Jun 2004  

Carl E. Walsh

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

Date Written: March 1985

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.

Suggested Citation

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

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)

Poschinger Str. 5
Munich, DE-81679
Germany

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