Monetary Policy with Single Instrument Feedback Rules

We consider a standard cash in advance monetary model with flexible prices or prices set in advance and show that there are interest rate or money supply rules such that equilibria are unique. The existence of these single instrument rules depends on whether the economy has an infinite horizon or an arbitrarily large but finite horizon

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Year of publication:	2005
Authors:	Adão, Bernardino ; Correia, Isabel H. ; Teles, Pedro
Publisher:	[S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Zinspolitik \| Interest rate policy \| Geldmengensteuerung \| Monetary targeting \| Theorie \| Theory \| Regelbindung versus Diskretion \| Rules versus discretion

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Extent:	1 Online-Ressource (24 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 2004 erstellt
Other identifiers:	10.2139/ssrn.642621 [DOI]
Classification:	E40 - Money and Interest Rates. General ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014067769