Performance of monetary policy with internal central bank forecasting

DOI10.1016/J.JEDC.2003.07.006zbMATH Open1202.91224OpenAlexW3124245724MaRDI QIDQ953768FDOQ953768

Kaushik Mitra, Seppo Honkapohja

Publication date: 6 November 2008

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL: http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp127.pdf

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zbMATH Keywords

heterogeneitystabilitymonetary policyadaptive learning

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Rationality and learning in game theory (91A26) Heterogeneous agent models (91B69)

Cites Work

• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Convergence in monetary inflation models with heterogeneous learning rules
• A Rational Route to Randomness
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• Expectational diversity in monetary economies
• Indeterminacy of Equilibria in a Hyperinflationary World: Experimental Evidence
• Expectations and the Stability Problem for Optimal Monetary Policies
• Anchoring Economic Predictions in Common Knowledge
• Learning with bounded memory in stochastic models
• Escaping Nash Inflation
• Title not available (Why is that?)

Cited In (16)

• Adaptive learning and the use of forecasts in monetary policy
• Trend growth and learning about monetary policy rules
• Learning in a misspecified multivariate self-referential linear stochastic model
• Adaptive expectations and cobweb phenomena: does heterogeneity matter?
• Monetary policy, learning and the speed of convergence
• Optimal fiscal policy under learning
• Learning benevolent leadership in a heterogeneous agents economy
• Animal spirits and credit cycles
• Learnability of an equilibrium with private information
• Inflation targeting, learning and Q volatility in small open economies
• Monetary policy, indeterminacy and learning
• Heterogeneity and misspecifications in learning
• Monetary policy and learning from the central bank's forecast
• Central banking in a transitory economy: an adaptive control model for India
• A New Keynesian model with heterogeneous expectations
• Time-varying consumer disagreement and future inflation

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