Expectation traps in a New Keynesian open economy model

DOI10.1007/S00199-010-0533-2zbMATH Open1276.91078OpenAlexW2014902108MaRDI QIDQ663196FDOQ663196

Authors David M. Arseneau 

Publication date 14 February 2012

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL http://www.federalreserve.gov/pubs/feds/2004/200445/200445pap.pdf

zbMATH Keywords

Friedman rulediscretionary monetary policysustainable policytime consistency problem

Mathematics Subject Classification ID

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

Recommendations

• Managing unanchored, heterogeneous expectations and liquidity traps
• Expectation traps and discretion
• The Unavoidability of Low Inflation–Low Output Traps
• Liquidity traps in a world economy
• CAN THE U.S. MONETARY POLICY FALL (AGAIN) IN AN EXPECTATION TRAP?

Cites Work

• Common Currencies vs. Monetary Independence
• Credible public policy
• Expectation Traps and Monetary Policy
• Expectation traps and discretion
• Global Implications of Self-Oriented National Monetary Rules
• Inflation in open economies with complete markets
• Monetary Discretion, Pricing Complementarity, and Dynamic Multiple Equilibria
• Monetary policy and multiple equilibria with constrained investment and externalities
• Monetary policy with sticky prices and segmented markets
• Price Stability in Open Economies
• Sustainable monetary policies
• Sustainable plans and debt
• Time consistent monetary policy with endogenous price rigidity
• Welfare and macroeconomic interdependence

Cited In (7)

• A theory of the non-neutrality of money with banking frictions and bank recapitalization
• Managing unanchored, heterogeneous expectations and liquidity traps
• Expectation Traps and Monetary Policy
• Liquidity traps in a world economy
• CAN THE U.S. MONETARY POLICY FALL (AGAIN) IN AN EXPECTATION TRAP?
• The Unavoidability of Low Inflation–Low Output Traps
• A New Keynesian model with heterogeneous expectations

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