Intro -- THE U.K.'S ROCKY ROAD TO STABILITY -- THE U.K.'S ROCKY ROAD TO STABILITY -- CONTENTS -- PREFACE -- INTRODUCTION -- TERMINOLOGICAL PRELIMINARIES -- 2A UNITED KINGDOM -- 2B INTEREST RATES, MONEY, AND CREDIT -- 2C CONSUMER PRICES -- THE NONMONETARY APPROACH TO MACROECONOMIC POLICY...

This paper extends the existing literature on the uniqueness and stability conditions for an equilibrium under inflation-forecast-based (IFB) rules. It shows that, for a variety of New Keynesian sticky-price and sticky-inflation models, these are a function not just of the degree of...