Arbeitspapier
Some Further Evidence on Interest-Rate Smoothing: The Role of Measurement Errors in the Output Gap
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.
- Language
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Englisch
- Bibliographic citation
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Series: Sveriges Riksbank Working Paper Series ; No. 178
- Classification
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Wirtschaft
Interest Rates: Determination, Term Structure, and Effects
Financial Markets and the Macroeconomy
Monetary Policy
- Subject
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Interest-rate smoothing
Measurement errors
Output gap
- Event
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Geistige Schöpfung
- (who)
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Apel, Mikael
Jansson, Per
- Event
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Veröffentlichung
- (who)
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Sveriges Riksbank
- (where)
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Stockholm
- (when)
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2005
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Apel, Mikael
- Jansson, Per
- Sveriges Riksbank
Time of origin
- 2005