LEARNING, COMMITMENT, AND MONETARY POLICY

DOI10.1017/S136510050908016XMaRDI QIDQ3644946zbMATH OpenOpenAlexFDO

Authors George A. Waters

Publication date 13 November 2009

Published in Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/s136510050908016x

zbMATH Keywords

determinacyexpectational stabilityinterest rate ruleslearningmonetary policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30)

Recommendations

• Expectations and the Stability Problem for Optimal Monetary Policies
• Learning and optimal monetary policy
• Simplicity versus optimality: The choice of monetary policy rules when agents must learn
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Cites work

• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Escapist policy rules
• Expectations and the Stability Problem for Optimal Monetary Policies
• Expectations Formation and Stability of Large Socioeconomic Systems
• Learning about monetary regime shifts in an overlapping wage contract model
• Learning with bounded memory in stochastic models
• Learning, estimation, and the stability of rational expectations
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Monetary policy, indeterminacy and learning
• The non-optimality of proposed monetary policy rules under timeless perspective commitment
• The Solution of Linear Difference Models under Rational Expectations

Cited in

(14)

• Monetary policy, learning and the speed of convergence
• Optimal policy with limited commitment
• Simplicity versus optimality: The choice of monetary policy rules when agents must learn
• Designing monetary policy committees
• Adaptive Learning and Central Bank Inattentiveness in Optimal Monetary Policy
• Escaping expectation traps: how much commitment is required?
• The value of monetary policy commitment under imperfect fiscal credibility
• THE APPRENTICE WIZARD: MONTETARY POLICY, COMPLEXITY AND LEARNING
• Learning benevolent leadership in a heterogeneous agents economy
• Managing disinflation under uncertainty
• Behavioral learning equilibria in New Keynesian models
• Learning and optimal monetary policy
• Learning, monetary policy rules, and macroeconomic stability
• Optimal commitment policy under noisy information

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