Eusepi, Stefano (contributor) - 2005
might generate instability in
the economic system. On one side, a nonlinear Taylor rule (consistent with a zero bound on the … possibility of
learnable global equilibria and how the choice of the Taylor rule a�ects their existence or changes
their stability … contrast, adopting a backward-looking Taylor rule stabilizes the econ-
omy. In fact, equilibrium cycles disappear, while …