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If exchange rates are random walks then almost everything we say about monetary policy is wrong
Alvarez, Fernando (contributor); Atkeson, Andrew (contributor) - 2007
Persistent link: https://www.econbiz.de/10003486025
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Sophisticated monetary policies
Atkeson, Andrew (contributor);  … - 2008 - Rev.
The Ramsey approach to policy analysis finds the best competitive equilibrium given available instruments but is silent about how to get there uniquely. Many ways of specifying monetary policy lead to indeterminacy. Sophisticated policies do not. They depend on the history of past actions and...
Persistent link: https://www.econbiz.de/10003722989
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The optimal degree of discretion in monetary policy
Athey, Susan (contributor); Atkeson, Andrew (contributor);  … - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001717174
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On the optimality of transparent monetary policy
Athey, Susan (contributor); Atkeson, Andrew (contributor);  … - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001576044