d'Albis, Hippolyte; Augeraud-Véron, Emmanuelle; … - In: Journal of Economic Dynamics and Control 39 (2014) C, pp. 227-236
This paper analyzes the dynamic consequences of interest rate feedback rules in a flexible-price model where money enters the utility function. Two alternative rules are considered based on past or predicted inflation rates. The main feature is to consider inflation rates that are selected over...