Optimal monetary policy in a New Keynesian model with heterogeneous expectations

DOI10.1016/J.JEDC.2016.10.003MaRDI QIDQ1656469zbMATH OpenOpenAlexFDO

Authors Giovanni Di Bartolomeo, Marco Di Pietro, Bianca Giannini

Publication date 10 August 2018

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

Full work available at URL https://www.dipecodir.it/wpcom/data/wp_no_119_2015.pdf

zbMATH Keywords

bounded rationalityheterogeneous expectationsmonetary policy

Mathematics Subject Classification ID

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

Recommendations

• Monetary policy and heterogeneous expectations
• Heterogeneous expectations in monetary DSGE models
• Managing monetary policy in a New Keynesian model with many beliefs types
• A New Keynesian model with heterogeneous expectations
• Preference heterogeneity and optimal monetary policy

Cites work

• A New Keynesian model with heterogeneous expectations
• A Rational Route to Randomness
• Consistent expectations and misspecification in stochastic non-linear economies
• Dynamic predictor selection in a New Keynesian model with heterogeneous expectations
• Heterogeneity and misspecifications in learning
• Heterogeneous beliefs and routes to chaos in a simple asset pricing model
• Heterogeneous expectations in monetary DSGE models
• Implications of Efficient Risk Sharing without Commitment
• Intrinsic heterogeneity in expectation formation
• Limited asset markets participation, monetary policy and (inverted) aggregate demand logic
• Macroeconomics from the bottom-up
• Rules of thumb in macroeconomic equilibrium
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• The non-optimality of proposed monetary policy rules under timeless perspective commitment
• The Theory of Statistical Decision

Cited in

(23)

• Optimal monetary policy in a New Keynesian model with animal spirits and financial markets
• Managing monetary policy in a New Keynesian model with many beliefs types
• Managing unanchored, heterogeneous expectations and liquidity traps
• A new approach for modelling and understanding optimal monetary policy
• Robustly optimal monetary policy in a New Keynesian model with housing
• Preference heterogeneity and optimal monetary policy
• Bounded rationality and heterogeneous expectations: Euler versus anticipated-utility approach
• Stabilizing inflation in a simple monetary policy model with heterogeneous agents
• A New Keynesian model with heterogeneous expectations
• Heterogeneity and monetary policy
• On the optimality of the Friedman rule in a New Monetarist model
• Heterogeneous expectations in monetary DSGE models
• Inequality, business cycles, and monetary-fiscal policy
• RE-EXAMINING THE IMPLICATIONS OF THE NEW CONSENSUS: ENDOGENOUS MONEY AND TAYLOR RULES IN A SIMPLE NEOCLASSICAL MACRO MODEL
• ROBUST MONETARY POLICY IN THE NEW KEYNESIAN FRAMEWORK
• Techniques for achieving optimal money supply rules in a rational expectations macroeconomic model
• Expectations and the Stability Problem for Optimal Monetary Policies
• scientific article; zbMATH DE number 7318970 (Why is no real title available?)
• The New Keynesian transmission mechanism: a heterogeneous-agent perspective
• Monetary policy and heterogeneous expectations
• Can heterogeneous expectations New Keynesian models match the dispersion of survey forecasts?
• Modeling diverse expectations in an aggregated New Keynesian model
• Optimal monetary policy in a New Keynesian model with job search

This page was built for publication: Optimal monetary policy in a New Keynesian model with heterogeneous expectations

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1656469)