Escapist policy rules

DOI10.1016/J.JEDC.2005.06.007MaRDI QIDQ956474zbMATH OpenOpenAlexFDO

Authors James Bullard, In-Koo Cho

Publication date 25 November 2008

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2005.06.007

zbMATH Keywords

learningmonetary policy rulesescape dynamics

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic dynamics (91B55) Rationality and learning in game theory (91A26)

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Cites work

• scientific article; zbMATH DE number 48727 (Why is no real title available?)
• scientific article; zbMATH DE number 1043533 (Why is no real title available?)
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Escaping Nash Inflation
• Learning to Believe in Sunspots
• Stochastic Approximation and Large Deviations: Upper Bounds and <scp>w.p.1</scp> Convergence
• The perils of Taylor rules

Cited in

(11)

• Indeterminacy, sunspots, and development traps
• Policy rules in practice
• Escaping Nash Inflation
• Escape dynamics and policy specification
• Liquidity traps and expectation dynamics: fiscal stimulus or fiscal austerity?
• Adaptive learning in practice
• Liquidity trap and stability of Taylor rules
• Self-fulfilling deflations
• LEARNING, COMMITMENT, AND MONETARY POLICY
• Exchange rates and fundamentals under adaptive learning
• Escape dynamics: a continuous-time approximation

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