Interest-rate Smoothing and Optimal Monetary Policy

Author	: Brian Sack
Publisher	:
Total Pages	: 54
Release	: 1999
ISBN-10	: CORNELL:31924086875063
ISBN-13	:
Rating	: 4/5 (63 Downloads)

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Book Synopsis Interest-rate Smoothing and Optimal Monetary Policy by : Brian Sack

Download or read book Interest-rate Smoothing and Optimal Monetary Policy written by Brian Sack and published by . This book was released on 1999 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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This paper studies some continuous-time cash-in-advance models in which interest rate smoothing is optimal. We consider both deterministic and stochastic models