Inflation targeting, learning and Q volatility in small open economies

DOI10.1016/J.JEDC.2006.11.010MaRDI QIDQ1027441zbMATH OpenOpenAlexFDO

Authors G. C. Lim, P. D. McNelis

Publication date 1 July 2009

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://melbourneinstitute.unimelb.edu.au/downloads/working_paper_series/wp2006n22.pdf

zbMATH Keywords

learninginflation targetsTaylor policy rulesTobin's Q

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Recommendations

• Central bank learning and Taylor rules with sticky import prices
• Targeting rules for an open economy
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• LEARNING THE INFLATION TARGET
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Cites work

• scientific article; zbMATH DE number 1099379 (Why is no real title available?)
• Accuracy in Simulations
• Approximating and simulating the stochastic growth model: Parameterized expectations, neural networks, and the genetic algorithm
• Optimal nonlinear policy: signal extraction with a non-normal prior
• Performance of monetary policy with internal central bank forecasting
• Rational Expectations Equilibria, Learning, and Model Specification
• SOLVING LARGE-SCALE RATIONAL-EXPECTATIONS MODELS
• The Terms of Trade, the Real Exchange Rate, and Economic Fluctuations

Cited in

(6)

• Inflation Dynamics in a Small Open Economy
• Inflation Variability and Gradualist Monetary Policy
• Central bank learning and Taylor rules with sticky import prices
• Learning and misperception of makeup strategies
• Monetary policy with a state-dependent inflation target in a behavioral two-country monetary union model
• Economic Stability and the Choice of the Target Inflation Index

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