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How conservative does the central banker have to be? : on the treatment of expectations under discretionary policymaking

Guender, Alfred V. - In: Australian economic papers 48 (2009) 1, pp. 34-49

Persistent link: https://www.econbiz.de/10003834509

A comparative analysis of the stabilizing properties of nominal income growth targeting

Guender, Alfred V. - In: Economics letters 95 (2007) 2, pp. 217-222

Persistent link: https://www.econbiz.de/10003460423

Stabilising properties of discretionary monetary policies in a small open economy

Guender, Alfred V. - In: The economic journal : the journal of the Royal … 116 (2006), pp. 309-326

Persistent link: https://www.econbiz.de/10003303993

The timeless perspective vs. discretion : theory and monetary policy implications for an open economy

Guender, Alfred V. (contributor) - 2007

This paper proposes an open-economy Phillips Curve that features a real exchange rate channel. The resulting target rule under optimal policy from a timeless perspective (TP) involves additional history dependence in the form of lagged inflation. The target rule also depends on the discount...