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

DOI10.1007/S11741-006-0007-8MaRDI QIDQ3409775zbMATHOpenAlexFDO

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

zbMATH Keywords

monetary policybackward-looking rulesforward-looking rules

Mathematics Subject Classification ID

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

Recommendations

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Cites work

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

Cited in

(5)

• 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
• Explicit instrument versus targeting rules in the backward-looking model
• Term structure and forward guidance as instruments of monetary policy

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