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Working Paper

Interest Rate Rules are Infeasible and Fail to Complete Macroeconomic Models

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A discussion of the circumstances under which interest rate rules are consistent with nominal determinacy in macroeconomic models.
12.01.1987WP 87-19
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.