SEASONALITY AND MONETARY POLICY
نویسندگان
چکیده
منابع مشابه
Seasonality and Monetary Policy∗
Seasonal fluctuations are as large as cyclical fluctuations. Monetary policy in the U.S. has dealt with seasonality by smoothing nominal rates of interest. The original motivation for this was that seasonality in nominal interest rates put recurring strain on the banking system. We build a model of monetary policy in the presence of seasonality which puts financial market conditions in the fore...
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ژورنال
عنوان ژورنال: Macroeconomic Dynamics
سال: 2003
ISSN: 1365-1005,1469-8056
DOI: 10.1017/s1365100502020102