Similar Search Results

Rational asset pricing bubbles

Santos, Manuel - In: Econometrica : journal of the Econometric Society, an … 65 (1997) 1, pp. 19-57

Persistent link: https://www.econbiz.de/10001217068

Rational asset pricing bubbles : [Bonn-Workshop]

Santos, Manuel - 1993

Persistent link: https://www.econbiz.de/10000891123

Robustly optimal monetary policy in a microfounded New Keynesian model

Adam, Klaus; Woodford, Michael - In: Journal of monetary economics 59 (2012) 5, pp. 468-487

Persistent link: https://www.econbiz.de/10009622326

Robustly optimal monetary policy in a microfounded new keynesian model

Adam, Klaus; Woodford, Michael - 2012

We consider optimal monetary stabilization policy in a New Keynesian model with explicit microfoundations, when the central bank recognizes that private-sector expectations need not be precisely model-consistent, and wishes to choose a policy that will be as good as possible in the case of any...

Persistent link: https://www.econbiz.de/10011489843

Housing prices and robustly optimal monetary policy

Adam, Klaus; Woodford, Michael - 2013

Persistent link: https://www.econbiz.de/10010345429

Optimally imprecise memory and biased forecasts

Silveira, Rava Azeredo da; Sung, Yeji; Woodford, Michael - 2020

complexity of memory measured using Shannon's mutual information, as in models of rational inattention; but our theory differs …

Persistent link: https://www.econbiz.de/10012316965

Optimally imprecise memory and biased forecasts

Silveira, Rava Azeredo da; Sung, Yeji; Woodford, Michael - 2020

Persistent link: https://www.econbiz.de/10012373018

Leaning against housing prices as robustly optimal monetary policy

Adam, Klaus; Woodford, Michael - 2018

Persistent link: https://www.econbiz.de/10011879229

Leaning against housing prices as robustly optimal monetary policy

Adam, Klaus; Woodford, Michael - 2018

Persistent link: https://www.econbiz.de/10011917326

Leaning against housing prices as robustly optimal monetary policy

Adam, Klaus; Woodford, Michael - 2018

We analytically characterize optimal monetary policy for an augmented New Keynesian model with a housing sector. In a … setting where the private sector has rational expectations about future housing prices and inflation, optimal monetary policy … can be characterized without making reference to housing price developments: commitment to a "target criterion" that …

Persistent link: https://www.econbiz.de/10011918620