Explicit instrument versus targeting rules in the backward-looking model

DOI10.1016/J.ECONLET.2009.10.002MaRDI QIDQ846628zbMATH OpenOpenAlexFDO

Authors Richard T. Froyen, Alfred V. Guender

Publication date 9 February 2010

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2009.10.002

zbMATH Keywords

explicit instrument ruleinterest rate volatilityoptimal monetary policystabilization biastarget rule

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Optimal monetary policy under uncertainty.

Cited in

(1)

• Instrument-based versus target-based rules

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