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difference equations in order to directly assess determinacy in the model with demand given by the forward-looking IS equation … tenuously) for the particular specification and a common truncation method produces spurious determinacy. …
Persistent link: https://www.econbiz.de/10008794464
Recent studies show that the Taylor rule possesses desirable properties in terms of generating determinacy and E … ensure both determinacy and E-stability. …
Persistent link: https://www.econbiz.de/10010894550
difference equations in order to directly assess determinacy in the model with demand given by the forward-looking IS equation … tenuously) for the particular specification and a common truncation method produces spurious determinacy. …
Persistent link: https://www.econbiz.de/10010281516
The aim of this paper is to determine whether it would be desirable from the perspective of macroeconomic balance for central banks to take account of nominal exchange rate movements when framing monetary policy. The theoretical framework is a small, open DSGE economy that is closed by a Taylor...
Persistent link: https://www.econbiz.de/10012148014
The aim of this paper is to determine whether it would be desirable from the perspective of macroeconomic balance for central banks to take account of nominal exchange rate movements when framing monetary policy. The theoretical framework is a small, open DSGE economy that is closed by a Taylor...
Persistent link: https://www.econbiz.de/10005648927
Persistent link: https://www.econbiz.de/10011435640
Persistent link: https://www.econbiz.de/10011997518
Persistent link: https://www.econbiz.de/10012121707
Persistent link: https://www.econbiz.de/10011626276
Persistent link: https://www.econbiz.de/10011657071