Money Supply and Interest Rate Policy in a New-Keynesian Framework

ByGuillermo Calvo, Carlos A. Végh Gramont

December 1, 1990

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

Subject: Central bank policy rate, Financial services, Inflation, Interest rate policy, Monetary base, Monetary policy, Money, Prices, Real interest rates

Keywords: Central bank policy rate, Inflation, inflation rate, interest rate Policy, Interest rate policy, Monetary base, money balance, money stock, money supply policy, nominal interest rate, rate of inflation, real interest rate, Real interest rates, WP

Pages:
32
Volume:
1990
DOI:
https://doi.org/10.5089/9781451940039.001
Issue:
119
Series:
Working Paper No. 1990/119
Stock No:
WPIEA1191990
ISBN:
9781451940039
ISSN:
1018-5941

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