Optimal target criteria for stabilization policy

DOI10.1016/J.JET.2016.12.003MaRDI QIDQ508388zbMATH OpenOpenAlexFDO

Authors Marc P. Giannoni, Michael Woodford

Publication date 10 February 2017

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

Full work available at URL https://doi.org/10.1016/j.jet.2016.12.003

zbMATH Keywords

optimal controldynamic modeloptimal policytarget criterion

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

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Cites work

• scientific article; zbMATH DE number 437299 (Why is no real title available?)
• scientific article; zbMATH DE number 3138903 (Why is no real title available?)
• scientific article; zbMATH DE number 44406 (Why is no real title available?)
• Linear-quadratic approximation of optimal policy problems
• On the numerical solution of the discrete-time algebraic Riccati equation
• Optimal Monetary Policy
• Recursive contracts

Cited in

(12)

• Optimal nonlinear policy: signal extraction with a non-normal prior
• Linear-quadratic approximation, external habit and targeting rules
• Optimal policy in Markov-switching rational expectations models
• Optimal interest-rate rules and inflation stabilization versus price-level stabilization
• Instrument-based versus target-based rules
• Robustly optimal monetary policy in a New Keynesian model with housing
• SATISFICING SOLUTIONS TO A MONETARY POLICY PROBLEM
• HOMEOSTATIC VERSUS ACTIVE POLICIES IN A NONLINEAR OPTIMAL CONTROL PROBLEM
• scientific article; zbMATH DE number 3869016 (Why is no real title available?)
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• The implementation of stabilization policy
• Stabilization policy and lags

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