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The yield curve as an indicator of monetary conditions

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Author Info
Craig Ebert (Reserve Bank of New Zealand)
Abstract

This article explores many of the issues that underlay the choice of the 0 to 2 per cent inflation target in the Policy Targets Agreement as the best operational formulation of the Bank's requirement to pursue stability in the general level of prices.

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File URL: http://www.rbnz.govt.nz/research/bulletin/1992_1996/1994mar57_1ebert.pdf
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Article provided by Reserve Bank of New Zealand in its journal Reserve Bank of New Zealand Bulletin.

Volume (Year): 57 (1994)
Issue (Month): (March)
Pages:
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Handle: RePEc:nzb:nzbbul:march1994:2

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Ball, Laurence, 1991. "The Genesis of Inflation and the Costs of Disinflation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 23(3), pages 439-52, August. [Downloadable!] (restricted)
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  2. Olivier J. Blanchard, 1984. "The Lucas Critique and the Volcker Deflation," NBER Working Papers 1326, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Friedman, Benjamin M., 1979. "Optimal expectations and the extreme information assumptions of `rational expectations' macromodels," Journal of Monetary Economics, Elsevier, vol. 5(1), pages 23-41, January. [Downloadable!] (restricted)
  4. Robert J. Gordon, 1985. "The Conduct of Domestic Monetary Policy," NBER Working Papers 1221, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  5. David E. Lebow & John M. Roberts & David J. Stockton, 1992. "Economic performance under price stability," Working Paper Series / Economic Activity Section 125, Board of Governors of the Federal Reserve System (U.S.).
  6. Samantha Johnson, 1993. "The costs of inflation revisited," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 56, March. [Downloadable!]
  7. Christina D. Romer and David H. Romer., 1989. "Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz," Economics Working Papers 89-107, University of California at Berkeley.
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  8. Pierre Fortin, 1991. "The Phillips Curve, Macroeconomic Policy, and the Welfare of Canadians," Canadian Journal of Economics, Canadian Economics Association, vol. 24(4), pages 774-803, November. [Downloadable!] (restricted)
  9. David Rae, 1993. "Measuring inflation," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 56, March. [Downloadable!]
  10. Backus, David & Driffill, John, 1985. "Inflation and Reputation," American Economic Review, American Economic Association, vol. 75(3), pages 530-38, June. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Craig Ebert, 1994. "The indicator role of asset prices," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 57, September. [Downloadable!]
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This page was last updated on 2009-11-27.

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