Macroeconomic (in)stability under real interest rate targeting

DOI10.1016/J.JEDC.2009.03.001MaRDI QIDQ733490zbMATH OpenOpenAlexFDO

Authors Chi-Ting Chin, Jang-Ting Guo, Ching-Chong Lai

Publication date 16 October 2009

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.2009.03.001

zbMATH Keywords

indeterminacyendogenous growthcash-in-advance constraintreal interest rate targeting

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Special types of economic equilibria (91B52) Economic growth models (91B62)

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Cites work

• Animal spirits, technology shocks and the business cycle
• Capacity utilization under increasing returns to scale
• Indeterminacy and increasing returns
• Indeterminacy in a model with sector-specific externalities
• Investment and interest rate policy
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Monetary policy and multiple equilibria in a cash-in-advance economy
• Nominal income targeting versus money growth targeting in an endogenously growing economy
• Optimal Interest-Rate Smoothing

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