Showing 1 - 10 of 48
Persistent link: https://www.econbiz.de/10000982817
In this paper, we characterize conditions under which interest rate feedback rules that set the nominal interest rate as an increasing function of the inflation rate induce aggregate instability by generating multiple equilibria. We show that these conditions depend not only on the...
Persistent link: https://www.econbiz.de/10011576838
Persistent link: https://www.econbiz.de/10000990638
Persistent link: https://www.econbiz.de/10001705708
Persistent link: https://www.econbiz.de/10001412776
Persistent link: https://www.econbiz.de/10001573393
Persistent link: https://www.econbiz.de/10001928780
Persistent link: https://www.econbiz.de/10013422971
Persistent link: https://www.econbiz.de/10013423531
Persistent link: https://www.econbiz.de/10009723567