Does it matter (for equilibrium determinacy) what price index the central bank targets?

DOI10.1016/J.JET.2004.09.003MaRDI QIDQ2496233zbMATH OpenOpenAlexFDO

Authors Charles T. Carlstrom, Timothy S. Fuerst, Fabio Ghironi

Publication date 12 July 2006

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://fmwww.bc.edu/EC-P/wp533.pdf

zbMATH Keywords

determinacysectoral Taylor ruleTaylor principle

Mathematics Subject Classification ID

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

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Cites work

• IMPLEMENTING INTERNATIONAL MONETARY COOPERATION THROUGH INFLATION TARGETING
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Monopolistic Price Adjustment and Aggregate Output

Cited in

(11)

• Efficiency and determinacy of equilibrium under inflation targeting
• Monetary policy and indeterminacy after the 2001 slump
• A New Keynesian model with staggered price and wage setting under learning
• Price indexation, habit formation, and the generalized Taylor principle
• Capital accumulation, sectoral heterogeneity and the Taylor principle
• Do inflation-targeting central banks adjust inflation targets to meet the target?
• Should the central bank be concerned about housing prices?
• Interest rate rules, endogenous cycles, and chaotic dynamics in open economies
• Monetary policy and determinacy: an inquiry into open economy New Keynesian macrodynamics
• Nominal rigidities in both the intermediate goods sector and the final goods sector and equilibrium determinacy
• Limited asset markets participation, monetary policy and (inverted) aggregate demand logic

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