Some Further Evidence on Interest-Rate Smoothing: The Role of Measurement Errors in the Output Gap

Preprint
Publisher Website
Google Scholar
  • 1 January 2005
    • preprint
      • Published in RePEc
Abstract
It has been suggested that interest-rate smoothing may be partly explained by an omitted variable that relates to conditions in financial markets. We propose an alternative interpretation that suggests that it relates to measurement errors in the output gap.
All Related Versions

This publication has 0 references indexed in Scilit: