Chadha, Jagjit S.; Corrado, Luisa - Centre for Dynamic Macroeconomic Analysis, University … - 2006
guarantees determinacy in this setting, which involves the policy maker co-ordinating inflation dynamics by responding to each of … past, current and expected inflation. We show that this solution maps directly into Woodford’s (2000) timeless …-ordinating inflation dynamics by responding to each of past, current
and expected inflation. We show that this solution maps directly into …