Working Paper
Interest Rate Rules are Infeasible and Fail to Complete Macroeconomic Models
A discussion of the circumstances under which interest rate rules are consistent with nominal determinacy in macroeconomic models.
Suggested Citation
Hoehn, James 1987. “Interest Rate Rules are Infeasible and Fail to Complete Macroeconomic Models” Federal Reserve Bank of Cleveland, Working Paper No. 87-19.
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