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Performance of monetary policy with internal central bank forecasting

Honkapohja, Seppo (contributor); Mitra, Kaushik (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001759796

Performance of Monetary Policy with Internal Central Bank Forecasting

Honkapohja, Seppo - 2007

Recent models of monetary policy have analysed the desirability of different optimal and ad hoc interest-rate rules under the restrictive assumption that forecasts of the private sector and central bank are homogeneous. In this paper, we study from a learning perspective the implications of...

Persistent link: https://www.econbiz.de/10012728908

Performance of Monetary Policy with Internal Central Bank Forecasting

Honkapohja, Seppo; Mitra, Kaushik - 2021

Recent models of monetary policy have analyzed the desirability of different optimal and ad hoc interest rules under the restrictive assumption that forecasts of the private sector and the central bank are homogenous. In this paper, we study the implications of heterogeneity in forecasts of the...

Persistent link: https://www.econbiz.de/10013320251

Performance of monetary policy with internal Central Bank forecasting

Honkapohja, Seppo - 2002

Persistent link: https://www.econbiz.de/10013434449

Learning stability in economies with heterogenous agents

Honkapohja, Seppo; Mitra, Kaushik - 2002

An economy exhibits structural heterogeneity when the forecasts of different agents have different effects on the determination of aggregate variables. Various forms of structural heterogeneity can arise and we study the important case of economies in which agents' behavior depends on forecasts...

Persistent link: https://www.econbiz.de/10011541172

Heterogeneous expectations and the merit of monetary policy inertia

Gasteiger, Emanuel - In: Expectations in monetary and fiscal policy, (pp. 2-53). 2011

Persistent link: https://www.econbiz.de/10011857498

Monetary and fiscal policy interaction in a world with heterogeneous expectations

Gasteiger, Emanuel - In: Expectations in monetary and fiscal policy, (pp. 55-123). 2011

."' Ein weiteres mal ist der Untersuchungsgegenstand die Fähigkeit einer Zentralbank, mittels Zinspolitik Preisstabilität in … oder adaptiv. Dabei wird insbesondere auf die Herausforderungen durch so genannte aktive Fiskalpolitik für die Zentralbank … Gefahr lokaler Divergenz besteht, falls konventionelle Geldpolitik zum Einsatz kommt. Trotzdem kann Preisstabilität durch …

Persistent link: https://www.econbiz.de/10011857500

Anticipation, learning and welfare : the case of distortionary taxation

Gasteiger, Emanuel; Zhang, Shoujian - In: Expectations in monetary and fiscal policy, (pp. 125-170). 2011

Das dritte Kapitel trägt den Titel "Anticipation, Learning and Welfare: the Case of Distortionary Taxation." Es handelt sich hierbei um eine Zusammenarbeit mit Shoujian Zhang. Im Fokus der Untersuchung stehen antizipierte Steuerreformen. Die Individuen in der Ökonomie haben nicht-rationale...

Persistent link: https://www.econbiz.de/10011857501

Expectations, learning and monetary policy : an overview of recent research

Evans, George W. (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003636502

Liquidity traps, learning and stagnation

Evans, George W. (contributor); Guse, Eran (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003482179