Optimal monetary rules under persistent shocks

DOI10.1016/J.JEDC.2010.03.007MaRDI QIDQ975895zbMATH OpenOpenAlexFDO

Authors Joydeep Bhattacharya, Rajesh Singh

Publication date 11 June 2010

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.2010.03.007

zbMATH Keywords

inflation targetingmonetary targetingoverlapping generationspersistencerandom relocation modelreal shocks

Mathematics Subject Classification ID

Economic dynamics (91B55) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Bank Runs, Deposit Insurance, and Liquidity
• DISCOUNT WINDOW POLICY, BANKING CRISES, AND INDETERMINACY OF EQUILIBRIUM
• Money, banking, and capital formation
• Optimal choice of monetary policy instruments in an economy with real and liquidity shocks
• SEASONALITY AND MONETARY POLICY
• USEFULNESS OF THE CONSTRAINED PLANNING PROBLEM IN A MODEL OF MONEY

Cited in

(21)

• Output persistence from monetary shocks with staggered prices or wages under a Taylor rule
• Staggering, the optimal monetary rule and persistence
• Optimal monetary policy in the presence of a monetarist transmission mechanism
• Optimal random monetary policy with nominal rigidity.
• A quantitative analysis of optimal sustainable monetary policies
• Optimal monetary policy in a New Keynesian model with animal spirits and financial markets
• Optimal monetary policy under inflation targeting based on an instrument rule.
• A comparative analysis of the stabilizing properties of nominal income growth targeting
• Optimal interest-rate rules and inflation stabilization versus price-level stabilization
• Macroeconomic effects of inflation target uncertainty shocks
• Optimal monetary policy under uncertainty.
• Techniques for achieving optimal money supply rules in a rational expectations macroeconomic model
• Expectations and the Stability Problem for Optimal Monetary Policies
• Extreme events and optimal monetary policy
• Optimal monetary policy under incomplete markets and aggregate uncertainty: a long-run perspective
• Permanent effects of monetary policy in a dynamic menu cost model
• Optimal choice of monetary policy instruments in an economy with real and liquidity shocks
• Optimal monetary policy rules with labor market frictions
• Targeting rules for monetary policy
• Efficient propagation of shocks and the optimal return on money
• Inflation persistence and robust monetary policy design

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