The interest rate snap-back and its implication for the Keynesian-quantity theory dispute
Much recent work on the behaviour of interest rates has argued that both long term and short term interest rates decline only very temporarily when the growth rate of money increases. Nominal rates quickly snap back to their previous level. The present work looks at what these findings imply for the...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2014-01-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11499 |