Endogenous monetary policy with unobserved potential output

DOI10.1016/J.JEDC.2005.06.010MaRDI QIDQ956481zbMATH OpenOpenAlexFDO

Authors Alex Cukierman, Francesco Lippi

Publication date 25 November 2008

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

Full work available at URL https://www.bancaditalia.it/pubblicazioni/temi-discussione/2004/2004-0493/tema_493.pdf

zbMATH Keywords

filteringinflationmonetary policyoutput gappotential output

Mathematics Subject Classification ID

Inference from stochastic processes and prediction (62M20) Applications of statistics to economics (62P20) Macroeconomic theory (monetary models, models of taxation) (91B64) Filtering in stochastic control theory (93E11)

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Cites work

• scientific article; zbMATH DE number 2076226 (Why is no real title available?)
• scientific article; zbMATH DE number 777596 (Why is no real title available?)
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Recursive Models of Dynamic Linear Economies
• Uncertain potential output: Implications for monetary policy

Cited in

(11)

• Natural rate doubts
• Endogenous uncertainty and the non-neutrality of money
• Inferring monetary policy objectives with a partially observed state
• The impact of monetary policy in the midst of big shocks
• Uncertain potential output: implications for monetary policy in a small open economy
• Robust monetary policy, optimal delegation and misspecified potential output
• RE-EXAMINING THE IMPLICATIONS OF THE NEW CONSENSUS: ENDOGENOUS MONEY AND TAYLOR RULES IN A SIMPLE NEOCLASSICAL MACRO MODEL
• DOES MONETARY POLICY GENERATE RECESSIONS?
• Identifying monetary policy shocks using the central bank's information set
• Uncertain potential output: Implications for monetary policy
• The decline of activist stabilization policy: natural rate misperceptions, learning, and expectations

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