Indicator variables for optimal policy

Article Abstract:

An optimal monetary policy, which has an observable potential output and a forward-looking indicator, is examined. The optimal response to the optimal estimates of potential output displays certainty equivalence, whereas the optimal response to the imperfect observation of output depends on the noise is highlighted.

---

Comment on: multiple-solution indeterminacies in monetary policy analysis

Article Abstract:

A perennial topic in the analysis of macroeconomic models with rational expectations that is of particular importance in the analyses of desirable monetary policy rules is reconsidered. The equilibrium conditions of many models that admit large multiplicities of solutions are highlighted.

Models, Macroeconomics, Equilibrium (Economics)

---

Endogenous objectives and the evaluation of targeting rules for monetary policy

Article Abstract:

The impact of inflation dynamics, on monetary reforms, is examined.

Similar abstracts:

• Abstracts: Rational inattention: beyond the linear-quadratic case. Were there regime switches in U.S. monetary policy
• Abstracts: External determinants of the Russian Federation's monetary policy. Federal financial assistance to subjects of the Russian Federation and the fiscal behavior of fegional authorities in 1994-2000
• Abstracts: A note on transaction costs and the existence of derivatives markets
• Abstracts: The quest for prosperity without inflation. Optimal monetary policy with the cost channel. The incredible Volcker disinflation

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.