Title of article
Extending the McCallum monetary policy reaction function for more than two periods
Author/Authors
Bal?zs Romh?nyi، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2002
Pages
6
From page
227
To page
232
Abstract
To explain the empirical failure of the expectations hypothesis of the term structure, McCallum [NBER Working Paper, no. 4938 (1994)] proposed a special form of the central bank reaction function. We extend his two-period model in a way, which allows a new interpretation.
Keywords
asset pricing , Term structure , Expectations Hypothesis , Monetary policy , Interest rates
Journal title
Economics Letters
Serial Year
2002
Journal title
Economics Letters
Record number
435044
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