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The Interest Rate Conditioning Assumption by Charles Goodhart

The Interest Rate Conditioning Assumption

Charles Goodhart

28 pages missing pub info (view editions)

nonfiction politics challenging informative reflective medium-paced
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A central bank's forecast must contain some assumption about the future path for its own policy-determined short-term interest rate. I discuss the advantages and disadvantages of the three main alternatives: i. Constant from the latest level ii. A...

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