Note on real and monetary effects of an exogenous change in interest rates
Citation:
P Honohan, 'Note on real and monetary effects of an exogenous change in interest rates', Economic and Social Research Institute, Economic and Social Review, Vol.5 (Issue 4), 1973, 1974, pp465-466Download Item:
Abstract:
The interesting article by D. Rodney Thom (Economic and Social Review, January 1974) seems to contain a misleading assertion which makes his statistical results difficult to interpret. Thom's main thesis is that, in the Irish situation, the result of a change in the (exogenously determined) level of interest rates can be decomposed into 'monetary' and 'real' effects working in opposite directions, for example, an expansionary 'monetary'1 and a contractionary 'real' effect following a rise in interest rates.
Author: Honohan, P
Publisher:
Economic & Social StudiesType of material:
Journal ArticleCollections
Series/Report no:
Economic and Social ReviewVol.5 (Issue 4), 1973
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Full text availableKeywords:
Interest Rates, IrelandISSN:
0012-9984Metadata
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