The paper is concerned with determinacy in a version of the New-Keynesian model that integrates imperfect competition …?s continuous-time counterpart is mathematically tractable and its determinacy results carry over to the period model at least if … the period is sufficiently short. This being understood, it is proved that determinacy is (essentially) ensured if an …

Imposing the natural rate hypothesis (NRH) can dramatically alter the determinacy bounds on monetary policy by closing … the output gap in the long run. I show that the hypothesis eliminates any role for the output gap in determinacy and … renders the conditions for determinacy identical for all conforming supply equations. Specializing further to IS demand …

determinacy for any empirically plausible degree of LAMP; ii) the effect of LAMP for the design of optimal monetary policy are …

This paper studies the challenge that increasing the inflation target poses to equilibrium determinacy in a medium …, such as 2 or 4 percent, the probability of determinacy is near one conditional on the monetary policy rule of the estimated …

affects determinacy: procyclical risk permits determinacy even under an interest rate peg, while countercyclical income risk …

We analyze determinacy and stability under learning (E-stability) of rational expectations equilibria in the Blanchard … explaining unemployment instability. Under lagged data based rules the area where monetary policy delivers both determinacy and E …-based rules - unlike Bullard and Mitra (2002) - an additional explosive region is introduced. Here also the scope for determinacy …