rational expectations. We then address determinacy issues related to the use of different interest rate rules and derive policy …

The paper examines the effect of trend productivity growth on the determinacy and learnability of equilibria under … growth rate relaxes the conditions for determinacy and learnability. Results are mixed for other policy rules. Under the … expectations-based rule, trend growth tightens the conditions for determinacy but it relaxes the conditions for learnability. Under …

This paper studies the equilibrium determinacy properties of a simple interest rate rule in a small open economy …

condition for determinacy in a sticky price model with interest rate smoothing in monetary policy, partial dynamic price …