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
Englisch

Bibliographic citation
Series: Sveriges Riksbank Working Paper Series ; No. 178

Classification
Wirtschaft
Interest Rates: Determination, Term Structure, and Effects
Financial Markets and the Macroeconomy
Monetary Policy
Subject
Interest-rate smoothing
Measurement errors
Output gap

Event
Geistige Schöpfung
(who)
Apel, Mikael
Jansson, Per
Event
Veröffentlichung
(who)
Sveriges Riksbank
(where)
Stockholm
(when)
2005

Handle
Last update
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

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