Tesfaselassie, Mewael F. - In: Journal of Economic Dynamics and Control 41 (2014) C, pp. 241-256
The paper examines the effect of trend productivity growth on the determinacy and learnability of equilibria under alternative monetary policy rules. Under zero trend inflation we show that the economic structure is isomorphic to that of Bullard and Mitra (2002) and show that under a policy rule...