Determinacy, learnability, and plausibility in monetary policy analysis: additional results
It is almost superfluous to begin by emphasizing that recent research in monetary policy analysis has featured a great deal of work concerning conditions for determinacy—that is, existence of a unique dynamically stable rational expectations equilibrium— under various specifications of policy behavi...
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2019
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oai-20.500.12580-37512021-04-24T11:02:53Z Determinacy, learnability, and plausibility in monetary policy analysis: additional results McCallum, Bennett T. POLÍTICA MONETARIA It is almost superfluous to begin by emphasizing that recent research in monetary policy analysis has featured a great deal of work concerning conditions for determinacy—that is, existence of a unique dynamically stable rational expectations equilibrium— under various specifications of policy behavior.1 Indeed, there are a number of papers in which determinacy is the only criterion for a desirable monetary policy regime that is explicitly mentioned. 2019-11-01T00:04:34Z 2019-11-01T00:04:34Z 2009 Artículo 978-956-7421-32-9 https://hdl.handle.net/20.500.12580/3751 eng Series on Central Banking, Analysis, and Economic Policies, no. 13 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 203-225 application/pdf Banco Central de Chile |
| institution |
Banco Mundial |
| collection |
Banco Mundial |
| language |
eng |
| topic |
POLÍTICA MONETARIA |
| spellingShingle |
POLÍTICA MONETARIA McCallum, Bennett T. Determinacy, learnability, and plausibility in monetary policy analysis: additional results |
| description |
It is almost superfluous to begin by emphasizing that recent research in monetary policy analysis has featured a great deal of work concerning conditions for determinacy—that is, existence of a unique dynamically stable rational expectations equilibrium— under various specifications of policy behavior.1 Indeed, there are a number of papers in which determinacy is the only criterion for a desirable monetary policy regime that is explicitly mentioned. |
| format |
Artículo |
| author |
McCallum, Bennett T. |
| author_facet |
McCallum, Bennett T. |
| author_sort |
McCallum, Bennett T. |
| title |
Determinacy, learnability, and plausibility in monetary policy analysis: additional results |
| title_short |
Determinacy, learnability, and plausibility in monetary policy analysis: additional results |
| title_full |
Determinacy, learnability, and plausibility in monetary policy analysis: additional results |
| title_fullStr |
Determinacy, learnability, and plausibility in monetary policy analysis: additional results |
| title_full_unstemmed |
Determinacy, learnability, and plausibility in monetary policy analysis: additional results |
| title_sort |
determinacy, learnability, and plausibility in monetary policy analysis: additional results |
| publisher |
Banco Central de Chile |
| publishDate |
2019 |
| url |
https://hdl.handle.net/20.500.12580/3751 |
| work_keys_str_mv |
AT mccallumbennettt determinacylearnabilityandplausibilityinmonetarypolicyanalysisadditionalresults |
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1718347103166529536 |