Short and long interest rate targets

Bernardino Adão; Isabel Correia; Pedro Teles

doi:10.1016/j.jmoneco.2014.03.005

Short and long interest rate targets

Bernardino Adão
, Isabel Correia
, Pedro Teles^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

8 Citations (Scopus)

Abstract

Can both short and long-term interest rates be targeted independently? Can the target of the term structure help solve the problem of multiplicity of equilibria that occurs when only the short rate is targeted? Both questions are addressed, and the answer is yes to both.

Original language	English
Pages (from-to)	95-107
Number of pages	13
Journal	Journal of Monetary Economics
Volume	66
DOIs	https://doi.org/10.1016/j.jmoneco.2014.03.005
Publication status	Published - Sept 2014

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 17 Partnerships for the Goals

Keywords

Monetary policy
Monetary policy instruments
Multiplicity of equilibria
Term structure

Access to Document

10.1016/j.jmoneco.2014.03.005

Cite this

@article{e3bf9dd3d74a49fc9beb827537bc835a,

title = "Short and long interest rate targets",

abstract = "Can both short and long-term interest rates be targeted independently? Can the target of the term structure help solve the problem of multiplicity of equilibria that occurs when only the short rate is targeted? Both questions are addressed, and the answer is yes to both.",

keywords = "Monetary policy, Monetary policy instruments, Multiplicity of equilibria, Term structure",

author = "Bernardino Ad{\~a}o and Isabel Correia and Pedro Teles",

year = "2014",

month = sep,

doi = "10.1016/j.jmoneco.2014.03.005",

language = "English",

volume = "66",

pages = "95--107",

journal = "Journal of Monetary Economics",

issn = "0304-3932",

publisher = "Elsevier B.V.",

}

TY - JOUR

T1 - Short and long interest rate targets

AU - Adão, Bernardino

AU - Correia, Isabel

AU - Teles, Pedro

PY - 2014/9

Y1 - 2014/9

N2 - Can both short and long-term interest rates be targeted independently? Can the target of the term structure help solve the problem of multiplicity of equilibria that occurs when only the short rate is targeted? Both questions are addressed, and the answer is yes to both.

AB - Can both short and long-term interest rates be targeted independently? Can the target of the term structure help solve the problem of multiplicity of equilibria that occurs when only the short rate is targeted? Both questions are addressed, and the answer is yes to both.

KW - Monetary policy

KW - Monetary policy instruments

KW - Multiplicity of equilibria

KW - Term structure

UR - https://www.scopus.com/pages/publications/84905181438

U2 - 10.1016/j.jmoneco.2014.03.005

DO - 10.1016/j.jmoneco.2014.03.005

M3 - Article

AN - SCOPUS:84905181438

SN - 0304-3932

VL - 66

SP - 95

EP - 107

JO - Journal of Monetary Economics

JF - Journal of Monetary Economics

ER -

Short and long interest rate targets

Abstract

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this