equilibrium determinacy. …

equilibrium determinacy.  Thirdly, the fiscal targeting rule obtained under a Taylor rule is shown to be optimal, too, when policy …

main concern of our discussion is to investigate equilibrium determinacy (aggregate stability) conditions in a financially … integrated world economy. We show that the well-established equilibrium determinacy conditions for the case of small-open economy … countries increases, the equilibrium determinacy conditions may diverge from those for the small country setting. …

equilibrium determinacy. Thirdly, the fiscal targeting rule obtained under a Taylor rule is shown to be optimal, too, when policy …

persistence not only active but also passive monetary policy can generate equilibrium determinacy under empirically plausible …

equilibrium determinacy. …

in the pre-1979 period. Applying a standard macro-model, the estimated reaction functions are shown to ensure equilibrium … determinacy. Viewed through the money supply lens, Federal Reserve policy substantially changed over time, but has never allowed …

in the pre-1979 period. Applying a standard macro-model, the estimated reaction functions are shown to ensure equilibrium … determinacy. Viewed through the money supply lens, Federal Reserve policy substantially changed over time, but has never allowed …

in the pre-1979 period. Applying a standard macro-model, the estimated reaction functions are shown to ensure equilibrium … determinacy. Viewed through the money supply lens, Federal Reserve policy substantially changed over time, but has never allowed …