TY  - JOUR
AU  - Walsh,Carl E.
TI  - Monetary Information and Interest  Rates
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 1589
PY  - 1985
Y2  - March 1985
UR  - http://www.nber.org/papers/w1589
L1  - http://www.nber.org/papers/w1589.pdf
N1  - Author contact info:
Carl Walsh
Department of Economics
E2 Building
University of California
Santa Cruz, CA   95064
Tel: 531-459-4082
E-Mail: walshc@ucsc.edu
AB  - A model of interest rate movements in response to new information on the money stock is developed.The model, which incorporates several earlier approaches as special cases, makes explicit the manner in which estimated interest rate responses to money surprises depend on the relative variances of nominal and real disturbances, as well as on the monetary authority's policy and the credibility of that policy.
ER  -