An optimal control problem of monetary policy

DOI10.3934/DCDSB.2021224MaRDI QIDQ2238307zbMATH OpenOpenAlexFDO

Authors Andrea Bacchiocchi, Germana Giombini

Publication date 1 November 2021

Published in Discrete and Continuous Dynamical Systems. Series B (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3934/dcdsb.2021224

zbMATH Keywords

inflation targetingmonetary policynonlinearityoptimal controlPhillips curve

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30)

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Cites work

• Global stability of inflation target policies with adaptive agents
• Monetary policy, learning and the speed of convergence
• Nonlinear Phillips-curves, endogenous NAIRU and monetary policy
• Optimal monetary policy with a nonlinear Phillips curve
• The dynamics of the NAIRU model with two switching regimes
• The General Theory of Employment, Interest, and Money

Cited in

(5)

• An optimal control problem in economics
• A quantitative analysis of optimal sustainable monetary policies
• Non-performing loans, expectations and banking stability: a dynamic model
• Optimal Monetary Policy for Commercial Banks Involving Lending Rate Settings and Default Rates
• Sequential control of a monetary policy model for India

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