Similar Search Results

Macroeconomic analysis without the rational expectations hypothesis

Woodford, Michael - 2013

Persistent link: https://www.econbiz.de/10010345428

Housing prices and robustly optimal monetary policy

Adam, Klaus; Woodford, Michael - 2013

Persistent link: https://www.econbiz.de/10010345429

Robustly optimal monetary policy in a microfounded new Keynesian model

Adam, Klaus; Woodford, Michael - 2012

Persistent link: https://www.econbiz.de/10009512877

Macroeconomic anaylsis without the rational expectations hypothesis

Woodford, Michael - 2013

Persistent link: https://www.econbiz.de/10010187049

Monetary policy analysis when planning horizons are finite

Woodford, Michael - 2018

Persistent link: https://www.econbiz.de/10011933818

Knowledge, Information, and Expectations in Modern Macroeconomics : In Honor of Edmund S. Phelps

Acemoglu, Daron (contributor); Aghion, Philippe (ed.); … - 2003

Macroeconomics would not be what it is today without Edmund Phelps. This book assembles the field's leading figures to highlight the continuing influence of his ideas from the past four decades. Addressing the most important current debates in macroeconomic theory, it focuses on the rates at...

Persistent link: https://www.econbiz.de/10014477903

Inflation Expectations, Adaptive Learning and Optimal Monetary Policy

Gaspar, Vitor; Smets, Frank; Vestin, David - In: Handbook of Monetary Economics

This chapter investigates the implications of adaptive learning in the private sector's formation of inflation … expectations for the conduct of monetary policy. We first review the literature that studies the implications of adaptive learning … expectations are formed in line with adaptive learning. …

Persistent link: https://www.econbiz.de/10009002674

Optimally imprecise memory and biased forecasts

Silveira, Rava Azeredo da; Sung, Yeji; Woodford, Michael - 2020

Persistent link: https://www.econbiz.de/10012373018

Optimal Target Criteria for Stabilization Policy

Giannoni, Marc; Woodford, Michael - C.E.P.R. Discussion Papers - 2010

This paper considers a general class of nonlinear rational-expectations models in which policymakers seek to maximize an objective function that may be household expected utility. We show how to derive a target criterion that is: (i) consistent with the model's structural equations, (ii) strong...

Persistent link: https://www.econbiz.de/10008468673

Robustly Optimal Monetary Policy with Near-Rational Expectations

Woodford, Michael - In: American Economic Review 100 (2010) 1, pp. 274-303

The paper considers optimal monetary stabilization policy in a forward-looking model, when the central bank recognizes that private sector expectations need not be precisely model-consistent, and wishes to choose a policy that will be as good as possible in the case of any beliefs that are close...

Persistent link: https://www.econbiz.de/10008622171