Sveen, Tommy; Weinke, Lutz - In: Journal of Economic Dynamics and Control 37 (2013) 12, pp. 3034-3043
We consider a medium-scale New-Keynesian model which combines features that have been shown to explain fairly well postwar U.S. business cycles. Our main result demonstrates that the determinacy properties of forward-looking interest rate rules resemble, at least qualitatively, the corresponding...