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Optimal monetary policy under commitment with a zero bound on nominal interest rates
Adam, Klaus; Billi, Roberto M. - Center for Financial Studies - 2004
We determine optimal monetary policy under commitment in a forwardlooking New Keynesian model when nominal interest …
Persistent link: https://www.econbiz.de/10010958576
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Robustly optimal monetary policy with near-rational expectations
Woodford, Michael - Center for Financial Studies - 2005
as possible in the case of any beliefs that are close enough to model-consistency. It is found that commitment continues …
Persistent link: https://www.econbiz.de/10010958613
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Optimal monetary policy inertia
Woodford, Michael - Center for Financial Studies - 1999
adjustment characterizes an optimal policy commitment, even though no such inertia would be present in the case of a …
Persistent link: https://www.econbiz.de/10010958734
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Robustly Optimal Monetary Policy with Near-Rational Expectations
Woodford, Michael - Center for Financial Studies - 2007
as possible in the case of any beliefs that are close enough to model-consistency. It is found that commitment continues …
Persistent link: https://www.econbiz.de/10005022441
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Optimal Monetary Policy under Commitment with a Zero Bound on Nominal Interest Rates
Adam, Klaus; Billi, Roberto M. - Center for Financial Studies - 2004
We determine optimal monetary policy under commitment in a forwardlooking New Keynesian model when nominal interest …
Persistent link: https://www.econbiz.de/10005176437