Capital and macroeconomic instability in a discrete-time model with forward-looking interest rate rules

DOI10.1016/j.jedc.2006.09.010zbMath1163.91479MaRDI QIDQ1027395

Qinglai Meng, Kevin X. D. Huang

Publication date: 1 July 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://www.philadelphiafed.org/-/media/frbp/assets/working-papers/2007/wp07-4.pdf

zbMATH Keywords

capital; indeterminacy; forward-looking interest rate rules; jump prices; predetermined prices

Mathematics Subject Classification ID

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

91B62: Economic growth models

Related Items

Investment, interest rate policy, and equilibrium stability, Monetary policy and multiple equilibria with constrained investment and externalities, The Taylor principle in a medium-scale macroeconomic model, Capital accumulation, sectoral heterogeneity and the Taylor principle, Is forward-looking inflation targeting destabilizing? the role of policy's response to current output under endogenous investment

Cites Work

• Optimal random monetary policy with nominal rigidity.
• Investment and interest rate policy: a discrete time analysis
• New perspectives on capital, sticky prices, and the Taylor principle
• The design of monetary and fiscal policy: a global perspective
• Sticky Goods Prices, Flexible Asset Prices, Monopolistic Competition, and Monetary Policy
• Monopolistic Price Adjustment and Aggregate Output
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Monetary Discretion, Pricing Complementarity, and Dynamic Multiple Equilibria
• The perils of Taylor rules
• Investment and interest rate policy