Estimation and Control of a Macroeconomic Model with Rational Expectations

DOI10.2307/1911962MaRDI QIDQ4198313zbMATH OpenOpenAlexWikidataFDO

Authors John B. Taylor

Publication date 1979

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/1911962

zbMATH Keywords

data from the Us economyeconometric methodeconomic controleconomic time- series analysisestimationinflationmacroeconomic modeloptimal monetary policy rulesoutput stabilityprice stabilityrational expectations

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Economic growth models (91B62) Economic time series analysis (91B84)

Cited in

(19)

• Stationary uncertainty frontiers in macroeconometric models and existence and uniqueness of solutions to matrix Riccati equations
• Testing the restrictions implied by the rational expectations hypothesis
• Simplicity versus optimality: The choice of monetary policy rules when agents must learn
• Inflation and output growth uncertainty and their relationship with inflation and output growth.
• Two-step two-stage least squares estimation in models with rational expectations
• The non-optimality of proposed monetary policy rules under timeless perspective commitment
• Deviations from rules-based policy and their effects
• Lessons from a century of FED policy: why monetary and credit policies need rules and boundaries
• Is the Middle East an optimum currency area? A comparison of costs and benefits
• Cagan type rational expectation model on complex discrete time domains
• Government debt control: optimal currency portfolio and payments
• Expectations, learning and empirical macroeconomic models
• Explicit formula for the optimal government debt ceiling
• The diversity of forecasts from macroeconomic models of the US economy
• Spurious regression
• Monetary policy games with broad money targets
• Trend-reverting fluctuations in the life-cycle model
• The Taylor curve revisited: filter choice and the evaluation of U.S. monetary policy
• Modeling diverse expectations in an aggregated New Keynesian model

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