Monetary policy and multiple equilibria with constrained investment and externalities

DOI10.1007/S00199-008-0405-1zbMath1177.91097OpenAlexW2057952537MaRDI QIDQ1031839

Baruch Gliksberg

Publication date: 23 October 2009

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-008-0405-1

zbMATH Keywords

monetary policyinvestmentdeterminacyinterest rate rules

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62) General equilibrium theory (91B50)

Related Items (3)

Forecast combination, non-linear dynamics, and the macroeconomy ⋮ Expectation traps in a New Keynesian open economy model ⋮ Conditions for indeterminacy and thresholds in neoclassical growth models

Cites Work

• Capital and macroeconomic instability in a discrete-time model with forward-looking interest rate rules
• On characterizing equilibria of economies with externalities and taxes as solutions to optimization problems
• Investment, interest rate rules, and equilibrium determinacy
• 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
• Investment and interest rate policy

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