1. Modern views on monetary policymaking -- 2. Orthodox views on monetary policymaking -- 3. The French heterodoxy in monetary policymaking -- 4. The Swedish Wicksellian experiment : a pioneered price level target -- 5. Monetary policy facing financial crisis -- 6. Monetary policy facing a...

We investigate conditions under which a government facing a large set of small private agents can implement its desired outcome when it has only a limited commitment ability to policy actions. We show that, in static contexts, more commitment ability always improves equilibrium outcomes and, in...

This paper determines conditions for the existence of a unique rational expectations equilibrium-determinacy-in a monetary policy switching economy. We depart from the existing literature by providing such conditions considering all bounded equilibria. We then apply these conditions to a new...