The Taylor Principle and Global Determinacy in a Non-Ricardian World
نویسندگان
چکیده
منابع مشابه
The Taylor Principle and Global Determinacy in a Non-Ricardian World
The Taylor principle is quite usually considered as a central condition for price determinacy. Recently, however, this has been questioned on several grounds, notably because (i) this condition is a condition for local determinacy, not global determinacy (ii) it has been derived in “Ricardian” economies, and it appears that going to a nonRicardian framework makes a very big difference for the d...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.893026