Monetary policy, indeterminacy and learning

Article Abstract:

Forward-looking monetary models with Taylor-type interest rate rules are discussed. These models are known to generate indeterminacies, with a potential dependence on extraneous esunspots,E for some structural and policy parameters. The stability of these models is analyzed.

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The role of expectations in economic fluctuations and the efficacy of monetary policy

Article Abstract:

An economic model that examines the role of expectations in economic fluctuation and the effectiveness of monetary policies is presented.

Business cycles

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Permanent and transitory policy shocks in an empirical macro model with asymmetric information

Article Abstract:

An economic model analyzing shifts in the inflation target and imperfect policy credibility is presented.

Inflation (Finance), Inflation (Economics)

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