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Is forward-looking inflation targeting destabilizing? : the role of policy's response to current output under endogenous investment

Huang, Kevin X. D.; Meng, Qinglai; Xue, Jianpo - In: Journal of economic dynamics & control 33 (2009) 2, pp. 409-430

Persistent link: https://www.econbiz.de/10003810061

On interest rate policy and equlilibrium stability under increasing returns : a note

Huang, Kevin X. D.; Meng, Qinglai - In: Macroeconomic dynamics 13 (2009) 4, pp. 535-552

Persistent link: https://www.econbiz.de/10003888731

Capital and macroeconomic instability in a discrete-time model with forward-looking interest rate rules

Huang, Kevin X. D.; Meng, Qinglai - 2007

Persistent link: https://www.econbiz.de/10003412711

Is forward-looking inflation targeting destabilizing? : The role of policy's response to current output under endogenous investment

Huang, Kevin X. D. (contributor); Meng, Qinglai (contributor) - 2007

In sticky price models with endogenous investment, virtually all monetary policy rules that set a nominal interest rate in response solely to future inʿation induce real indeterminacy of equilibrium. Applying the Samuelson-Farebrother conditions, we obtain a necessary and suffcient condition...