Research Discussion Paper – RDP 8708 Risk Effects Versus Monetary Effects in the Determination of Short-Term Interest Rates
October 1987
- Abstract
- Download the Paper 452KB
Contents
- Introduction
- Interest rates in a model of intertemporal optimisation
- Interest rates in a sticky-price monetary model
- Empirical results
- Conclusions
- References
Endnote
I wish to thank Charles Bean, Warwick McKibbin, Rob Trevor and David Webb for helpful comments on earlier drafts. The views expressed herein do not necessarily reflect those of the Reserve Bank of Australia. [*]