Determinacy Learnability and Plausibility in Monetary Policy An.pdf.pdf' (175.65 kB)

Determinacy, Learnability, and Plausibility in Monetary Policy Analysis: Additional Results

Download (175.65 kB)
journal contribution
posted on 01.07.2006, 00:00 by Bennett T. McCallum
It is almost unnecessary to begin by emphasizing that recent research in monetary policy analysis has featured a great deal of work concerning conditions for determinacy—i.e., existence of a unique dynamically stable rational expectations equilibrium—under various specifications of policy behavior. Indeed, there are a number of papers in which determinacy is the only criterion for a desirable monetary policy regime that is explicitly mentioned.

History

Date

01/07/2006

Usage metrics

Exports