Discussion of Preston, 'Learning About Monetary Policy Rules When Long-Horizon Expectations Matter'
نویسندگان
چکیده
منابع مشابه
Discussion of Preston , “ Learning about Monetary Policy Rules when Long - Horizon Expectations Matter ”
The design of interest rate rules for conducting monetary policy have recently been examined for two key concerns. The first issue is determinacy of equilibria. Indeterminacy (multiplicity of stationary rational expectations equilibria) is a concern in models of monopolistic competition and price stickiness are currently a popular framework for the study of monetary policy. The second issue is ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.2482539