Interest-rate smoothing and optimal monetary policy: A review of recent empirical evidence

Journal of Economics and Business

Volumn 52, Issue 1-2, 2000, Pages 205-228

  Sack, Brian ^a   Wieland, Volker ^a,b  

^a FEDERAL RESERVE BOARD   (United States)

^b EUROPEAN CENTRAL BANK   (Germany)

Author keywords

Interest rate smoothing; Optimal monetary policy; Policy rules

Indexed keywords

EID: 0042150274     PISSN: 00129933     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0148-6195(99)00030-2     Document Type: Article

References (2)

1. Ball, L. 1999. Efficient rules for monetary policy. International Finance 2:63-83.
2. Blinder, A. 1995. Central Banking in Theory and Practice, Lecture 1: Targets, Instruments and Stabilization. Marshall Lecture presented at the University of Cambridge.