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| James Yetman |
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| ''Speed Limit Policies and Interest Rate Smoothing'' |
| ( 2004, Vol. 5 No.17 ) |
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| Walsh (2003) argued that U.S. monetary policy can be described as following a "speed limit" policy. Here I show that this provides an explanation for the apparent interest rate smoothing present in central bank policy. |
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| Keywords: Interest Rate Smoothing |
JEL: E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| Manuscript Received : Oct 27 2004 | | Manuscript Accepted : Oct 28 2004 |
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