Monetary Policy and Bond Option Pricing in an Analytical RBC Model
Journal
Journal of Economics and Business
ISSN
0148-6195
ISSN-Digital
1879-1735
Type
journal article
Date Issued
2003-07-01
Author(s)
Abstract
This paper analyzes how bond option prices are affected by different types of monetary policy. Analytical results from a general equilibrium model with sticky wages show that employment or output targeting typically give lower bond option prices than inflation targeting.
Language
English
Keywords
Inflation targeting
Output targeting
Interest rates
HSG Classification
not classified
Refereed
No
Publisher
North-Holland
Publisher place
New York, NY
Volume
55
Number
4
Start page
321
End page
330
Pages
10
Subject(s)
Division(s)
Eprints ID
38573
File(s)![Thumbnail Image]()
open.access
Name
OptMonP200301.pdf
Size
119.46 KB
Format
HTML
Checksum (MD5)
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