Adaptive monetary policy and rational expectations

DOI10.1016/0022-0531(80)90010-1MaRDI QIDQ1148778zbMATH OpenOpenAlexFDO

Authors Jess Benhabib

Publication date 1980

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(80)90010-1

zbMATH Keywords

adaptive monetary policyanticipation of price movementsbusiness cyclesdiffeomorphismsdynamic monetary economyeconomy with flexible pricesexistence of cyclesHopf bifurcation theoremrate of inflationrational expectations

Mathematics Subject Classification ID

Economic growth models (91B62)

Cites work

• scientific article; zbMATH DE number 3361656 (Why is no real title available?)
• Money and Growth: The Case of Long Run Perfect Foresight
• The dynamics of density dependent population models
• The Hopf bifurcation and its applications. With contributions by P. Chernoff, G. Childs, S. Chow, J. R. Dorroh, J. Guckenheimer, L. Howard, N. Kopell, O. Lanford, J. Mallet-Paret, G. Oster, O. Ruiz, S. Schecter, D. Schmidt, and S. Smale
• The Hopf bifurcation and the existence and stability of closed orbits in multisector models of optimal economic growth
• The Stability of Models of Money and Growth with Perfect Foresight

Cited in

(5)

• Deficits and cycles
• Multiperiodicity and irregularity in growth cycles: a continuous model of monetary attractors
• On competitive cycles in productive economies
• Equilibrium cycles in an overlapping generations economy with production
• Stabilizing properties of monetary feedback rules: A representative-agent approach.

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