Monetary policy rules: Forward-looking and backward-looking in an overlapping generations model

DOI10.1007/S11741-006-0007-8zbMATH Open1102.60310OpenAlexW2092185090MaRDI QIDQ3409775FDOQ3409775

Authors: Jiaqing Chen, Cihua Liu 

Publication date: 20 November 2006

Published in: Journal of Shanghai University (English Edition) (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11741-006-0007-8

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zbMATH Keywords

monetary policybackward-looking rulesforward-looking rules

Mathematics Subject Classification ID

Markov chains (discrete-time Markov processes on discrete state spaces) (60J10)

Cites Work

• On Endogenous Competitive Business Cycles
• The perils of Taylor rules

Cited In (5)

• Explicit instrument versus targeting rules in the backward-looking model
• Efficient monetary equilibrium: An overlapping generations model with nonstationary monetary policies
• Forward-looking behavior and optimal discretionary monetary policy
• Is forward-looking inflation targeting destabilizing? the role of policy's response to current output under endogenous investment
• Term structure and forward guidance as instruments of monetary policy

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