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A Study on the Dynamics of Interest Rate

LI, Wu (2012): A Study on the Dynamics of Interest Rate.

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By integrating the fiat money into the structural growth model in [1], this paper presents a dynamic model for the simulation study of interest rate. And the model is illustrated with a numerical example. The equilibria of the numerical example are also computed by the method in [2]. The monetary policies of controlling the interest rate and controlling the money supply are simulated.

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