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Growth effects of a flat tax
Cassou, Steven Peter (contributor);  … - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001578251
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Learning about a shift in trend output: implications for monetary policy and inflation
Lansing, Kevin J. - Federal Reserve Bank of San Francisco - 2002
algorithm allows them to gradually discover the truth as the economy evolves over time. Under a Taylor-type rule, the model can …
Persistent link: https://www.econbiz.de/10010702233
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Forward-looking behavior and optimal discretionary monetary policy
Lansing, Kevin J.; Trehan, Bharat - Federal Reserve Bank of San Francisco - 2003
This paper derives a closed-form solution for the optimal discretionary monetary policy in a small macroeconomic model that allows for varying degrees of forward-looking behavior. We show that a more forward-looking aggregate demand equation serves to attenuate the response to inflation and the...
Persistent link: https://www.econbiz.de/10010702239
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Expectations, credibility, and disinflation in a small macroeconomic model
Huh, Chan G.; Lansing, Kevin J. - Federal Reserve Bank of San Francisco - 1998
economy's dynamic transition path during a disinflation. Simulations are compared under four different specifications of the …
Persistent link: https://www.econbiz.de/10010702305
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Forward-looking behavior and optimal discretionary monetary policy
Lansing, Kevin J.; Trehan, Bharat - Federal Reserve Bank of San Francisco - 2003
This paper derives a closed-form solution for the optimal discretionary monetary policy in a small macroeconomic model that allows for varying degrees of forward-looking behavior. We show that a more forward-looking aggregate demand equation serves to attenuate the response to inflation and the...
Persistent link: https://www.econbiz.de/10005401545
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Learning about a shift in trend output: implications for monetary policy and inflation
Lansing, Kevin J. - Federal Reserve Bank of San Francisco - 2002
algorithm allows them to gradually discover the truth as the economy evolves over time. Under a Taylor-type rule, the model can …
Persistent link: https://www.econbiz.de/10005401624