Adaptive learning and the use of forecasts in monetary policy

DOI10.1016/J.JEDC.2007.12.009MaRDI QIDQ2654419zbMATH OpenOpenAlexFDO

Authors Bruce Preston

Publication date 19 January 2010

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

Full work available at URL https://doi.org/10.1016/j.jedc.2007.12.009

zbMATH Keywords

adaptive learningmonetary policytargeting rules

Mathematics Subject Classification ID

Rationality and learning in game theory (91A26) Macroeconomic theory (monetary models, models of taxation) (91B64) Heterogeneous agent models (91B69)

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Cites work

• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• MONETARY POLICY OVER TIME
• Performance of monetary policy with internal central bank forecasting

Cited in

(21)

• Inflation targeting, learning and Q volatility in small open economies
• Expectations and learning under alternative monetary regimes: An experimental approach
• Simplicity versus optimality: The choice of monetary policy rules when agents must learn
• On the initialization of adaptive learning in macroeconomic models
• Stabilizing expectations at the zero lower bound: experimental evidence
• Adaptive learning and monetary exchange
• Policy change and learning in the RBC model
• Optimal interest-rate rules and inflation stabilization versus price-level stabilization
• Learning and misperception of makeup strategies
• Monetary policy rules in a non-rational world: a macroeconomic experiment
• Robustifying learnability
• Adaptive Learning and Central Bank Inattentiveness in Optimal Monetary Policy
• Learning about monetary policy rules when the housing market matters
• LEARNING, COMMITMENT, AND MONETARY POLICY
• THE APPRENTICE WIZARD: MONTETARY POLICY, COMPLEXITY AND LEARNING
• Central banking in a transitory economy: an adaptive control model for India
• Expectations and optimal monetary policy: a stability problem revisited
• Optimal monetary policy with partially rational agents
• A horse race of alternative monetary policy regimes under bounded rationality
• Monetary policy and learning from the central bank's forecast
• Performance of monetary policy with internal central bank forecasting

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