Optimal interest-rate rules and inflation stabilization versus price-level stabilization

DOI10.1016/J.JEDC.2014.01.013MaRDI QIDQ1994420zbMATH OpenOpenAlexFDO

Authors Marc P. Giannoni

Publication date 1 November 2018

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

Full work available at URL http://hdl.handle.net/10419/60805

zbMATH Keywords

optimal monetary policyrobust policyTaylor rule

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30)

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Cites work

• Adaptive learning and the use of forecasts in monetary policy
• scientific article; zbMATH DE number 1790589 (Why is no real title available?)
• Optimal Interest-Rate Smoothing
• Optimal Monetary Policy
• Optimal target criteria for stabilization policy
• Robustness

Cited in

(21)

• Wage or price-based inflation? Alternative targets in optimal monetary policy rules
• On the desirability of nominal GDP targeting
• Optimal monetary policy rules and inflation targets: Are Australia, Canada, and new Zealand different from the U.S.?
• Average inflation targeting and interest-rate smoothing
• Global stability of inflation target policies with adaptive agents
• INTEREST RATE PEGS, WEALTH EFFECTS AND PRICE LEVEL DETERMINACY
• A horse race of alternative monetary policy regimes under bounded rationality
• Monetary policy and determinacy: an inquiry into open economy New Keynesian macrodynamics
• Behavioral learning equilibria in New Keynesian models
• Monetary policy under natural disaster shocks
• Monetary policy and heterogeneity: an analytical framework
• All models are wrong but all can be useful: robust policy design using prediction pools
• Limited asset market participation and monetary policy in a small open economy
• Has CRMW lowered the cost of corporate debt? A structural credit risk model
• Local determinacy in incomplete-markets models
• Interest rate rules, inflation and the Taylor principle: an analytical exploration
• Optimal interest rate stabilization in a basic sticky-price model
• Explicit instrument versus targeting rules in the backward-looking model
• Estimation and control of an optimization-based model with sticky prices and wages
• Optimal monetary policy when interest rates are bounded at zero
• Optimal monetary rules under persistent shocks

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