Search Results - subject:"feedback rules"

Optimal Horizons for Inflation Targeting

Batini, Nicoletta; Nelson, Edward - 2000

In this paper we investigate the problem of selecting an optimal horizon for inflation targeting in the United Kingdom. Since there are two key ways of thinking about an optimal horizon, we look at optimal horizons for both of these interpretations. In addition, to see whether our results are...

Persistent link: https://www.econbiz.de/10010321299

The Performance of Inflation Forecast Feedback Rules in Small Open Economies

Leitemo, Kai - 2000

This paper examines the performance of inflation forecast feedback rules in a two-sector, calibrated model of the U …

Persistent link: https://www.econbiz.de/10012143573

Piecewise Linear Feedback Rules in a Non Linear Model of the Phillips Curve: Evidence from the US and the UK

Corrado, L.; Holly, S. - Faculty of Economics, University of Cambridge - 2000

Optimal nominal interest rates rule are usually set assuming that the underlying world is linear. Our work relaxes this assumption and examines the performance of optimal rules when non-linearities are present. In particular if the inflation-output trade off exhibits non linearities...

Persistent link: https://www.econbiz.de/10005489342

Optimal Horizons for Inflation Targeting

Batini, Nicoletta; Nelson, Edward - Sveriges Riksbank - 2000

Persistent link: https://www.econbiz.de/10005423747

Optimal horizons for inflation targeting

Batini, Nicoletta; Nelson, Edward - 2000 - Revised version

Persistent link: https://www.econbiz.de/10011584283

Monetary Policy and Multiple Equilibria

Benhabib, Jess; Schmitt-Grohe, Stephanie; Uribe, Martin - 1999

In this paper, we characterize conditions under which interest rate feedback rules that set the nominal interest rate …-looking interest rate feedback rules. …

Persistent link: https://www.econbiz.de/10010334310

Monetary policy and multiple equilibria

Benhabib, Jess; Schmitt-Grohé, Stephanie; Uribe, Martín - 1999 - Revised

In this paper, we characterize conditions under which interest rate feedback rules that set the nominal interest rate …-looking interest rate feedback rules. …

Persistent link: https://www.econbiz.de/10011576838

The perils of Taylor Rules

Benhabib, Jess; Schmitt-Grohe, Stephanie; Uribe, Martin - 1998

Since John Taylor's (1993) seminal paper, a large literature has argued that active interest rate feedback rules, that …-rate feedback rules can easily lead to unexpected consequences. Specifically, in the context of a sticky-price model, we show that …

Persistent link: https://www.econbiz.de/10010334293

The perils of Taylor rules

Benhabib, Jess; Schmitt-Grohé, Stephanie; Uribe, Martín - 1998 - This draft: November 7, 1998

Persistent link: https://www.econbiz.de/10011576594

Investment, interest rate rules, and equilibrium determinacy

Meng, Qinglai; Yip, Chong - In: Economic Theory 23 (2004) 4, pp. 863-878

-rate feedback rules. We show that with inelastic labor supply equilibrium uniqueness is ensured under both active and passive …

Persistent link: https://www.econbiz.de/10005155324