Optimal monetary policy with a nonlinear Phillips curve

DOI10.1016/S0165-1765(99)00265-7MaRDI QIDQ1978563zbMATH OpenOpenAlexFDO

Authors A. R. Nobay, David Peel

Publication date 4 June 2000

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1765(99)00265-7

zbMATH Keywords

optimal monetary policyinflation biasnonlinear Phillips curve

Mathematics Subject Classification ID

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

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Cites work

• Bayesian Estimation and Prediction Using Asymmetric Loss Functions
• Nonlinear time series analysis of economic and financial data

Cited in

(18)

• Optimal monetary policy in a Phillips-curve world
• Optimal monetary policy in the generalized Taylor economy
• Nonlinear Phillips curves, mixing feedback rules and the distribution of inflation and output
• An optimal control problem of monetary policy
• QUADRATIC LABOR ADJUSTMENT COSTS, BUSINESS CYCLE DYNAMICS, AND OPTIMAL MONETARY POLICY
• Optimal forecast combinations under general loss functions and forecast error distributions
• The Role of Monetary Policy in Eliminating Nonconvergent Dynamic Paths
• Nonlinear Phillips curves, complex dynamics and monetary policy in a Keynesian macro model
• Moment-based estimation of smooth transition regression models with endogenous variables
• A loss function approach to model specification testing and its relative efficiency
• Chaotic dynamics in optimal monetary policy
• The inflation aversion of the Bundesbank: A state space approach
• Capacity constraints, idiosyncratic demand uncertainty and the dynamics of inflation
• Modeling changes in US monetary policy with a time-varying nonlinear Taylor rule
• Monetary Policy with a Nonlinear Phillips Curve and Asymmetric Loss
• Nonlinear Phillips-curves, endogenous NAIRU and monetary policy
• Dampened expectations in the Phillips Curve: a note
• The perverse response of interest rates

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