Learning about monetary policy rules when the cost-channel matters

DOI10.1016/J.JEDC.2009.05.001zbMath1178.91136OpenAlexW3121197271MaRDI QIDQ1032686

Luis-Gonzalo Llosa, Vicente Tuesta

Publication date: 26 October 2009

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

Full work available at URL: https://www.bcrp.gob.pe/docs/Publicaciones/Documentos-de-Trabajo/2007/Working-Paper-14-2007.pdf

zbMATH Keywords

learningindeterminacymonetary policy rulescost channel

Mathematics Subject Classification ID

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

Related Items (5)

Optimal monetary policy under learning and structural uncertainty in a New Keynesian model with a cost channel and inflation inertia ⋮ Financial factors and monetary policy: determinacy and learnability of equilibrium ⋮ Monetary policy and asset prices with belief-driven fluctuations ⋮ WHEN DOES DETERMINACY IMPLY EXPECTATIONAL STABILITY? ⋮ Currency substitution, risk premia and the Taylor principle

Cites Work

• E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models
• Supply-side effects of monetary policy and equilibrium multiplicity
• THE COST CHANNEL OF MONETARY POLICY AND INDETERMINACY
• The Solution of Linear Difference Models under Rational Expectations
• Expectations and the Stability Problem for Optimal Monetary Policies
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*

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