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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.