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Absract Interest rates set by central banks puzzlingly move with a certain inertia. We show that household's preferences can be important determinants of the optimal interest rate inertia due to their impact on the efficiency of the monetary policy transmission mechanism.

Household's preferences and monetary policy inertia

FLAMINI, ALESSANDRO;
2011-01-01

Abstract

Absract Interest rates set by central banks puzzlingly move with a certain inertia. We show that household's preferences can be important determinants of the optimal interest rate inertia due to their impact on the efficiency of the monetary policy transmission mechanism.
2011
Economics covers resources in a broad range of specialties, including theoretical, political, and agricultural economics, macroeconomics and econometrics. Also included are business and finance resources.
ECONOMICS LETTERS
sì
2-s2.0-79551579303
Sì, ma tipo non specificato
Inglese
Internazionale
STAMPA
111
1
64
67
Economics Letters e' la rivista piu' accreditata in Economia ad offrire articoli concisi di max 2000 parole. Il suo impact factor e' 0.449 e deve essere considerato insieme alla frequenza mensile del giornale.
Optimal monetary policy; Interest rate smoothing; Household's preferences
http://www.elsevier.com/wps/find/journaldescription.cws_home/505574/description#description
2
info:eu-repo/semantics/article
262
Flamini, Alessandro; Fracasso, Andrea
1 Contributo su Rivista::1.1 Articolo in rivista
none
1.1 Articolo in rivista
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11571/280524
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