Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82416
Authors: 
Apel, Mikael
Jansson, Per
Year of Publication: 
2005
Series/Report no.: 
Sveriges Riksbank Working Paper Series 178
Abstract: 
It has been suggested that interest-rate smoothing may be partly explained by an omitted variable that relates to conditions in financial markets. We propose an alternative interpretation that suggests that it relates to measurement errors in the output gap.
Subjects: 
Interest-rate smoothing
Measurement errors
Output gap
JEL: 
E43
E44
E52
Document Type: 
Working Paper

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