Stop-Go Monetary Policy

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Stop-Go Monetary Policy

We propose and estimate several discrete choice models of monetary policy decision-making that feature time-varying inertia. The models permit us to account for three stylized facts characterizing monetary policymaking in the United States: (1) target interest rates are gradually adjusted in small d...

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Bibliographic Details
Main Authors:	Chappell, H., Harris, Mark, McGregor, R., Spencer, C.
Format:	Journal Article
Published:	2019
Online Access:	http://hdl.handle.net/20.500.11937/75377

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