Damjanovic, Tatiana; Damjanovic, Vladislav; Nolan, Charles - In: Journal of Monetary Economics 55 (2008) 3, pp. 491-500
We develop a simple and intuitive approach for analytically deriving unconditionally optimal (UO) policies, a topic of enduring interest in optimal monetary policy analysis. The approach can be employed in both general linear-quadratic problems and in the underlying non-linear environments. A...