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Performance of monetary policy with internal central bank forecasting
Honkapohja, Seppo; Mitra, Kaushik - In: Journal of economic dynamics & control 29 (2005) 4, pp. 627-658
Persistent link: https://www.econbiz.de/10002702604
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Performance of monetary policy with internal central bank forecasting
Honkapohja, Seppo; Mitra, Kaushik - 2002
Persistent link: https://www.econbiz.de/10001652333
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Performance of Monetary Policy with Internal Central Bank Forecasting
Honkapohja, Seppo - 2007
Recent models of monetary policy have analysed the desirability of different optimal and ad hoc interest-rate rules under the restrictive assumption that forecasts of the private sector and central bank are homogeneous. In this paper, we study from a learning perspective the implications of...
Persistent link: https://www.econbiz.de/10012728908
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Performance of Monetary Policy with Internal Central Bank Forecasting
Honkapohja, Seppo; Mitra, Kaushik - 2021
Recent models of monetary policy have analyzed the desirability of different optimal and ad hoc interest rules under the restrictive assumption that forecasts of the private sector and the central bank are homogenous. In this paper, we study the implications of heterogeneity in forecasts of the...
Persistent link: https://www.econbiz.de/10013320251
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Performance of monetary policy with internal Central Bank forecasting
Honkapohja, Seppo - 2002
Persistent link: https://www.econbiz.de/10013434449
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Heterogeneous expectations and the merit of monetary policy inertia
Gasteiger, Emanuel - In: Expectations in monetary and fiscal policy, (pp. 2-53). 2011
Persistent link: https://www.econbiz.de/10011857498
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Monetary and fiscal policy interaction in a world with heterogeneous expectations
Gasteiger, Emanuel - In: Expectations in monetary and fiscal policy, (pp. 55-123). 2011
."' Ein weiteres mal ist der Untersuchungsgegenstand die Fähigkeit einer Zentralbank, mittels Zinspolitik Preisstabilität in … oder adaptiv. Dabei wird insbesondere auf die Herausforderungen durch so genannte aktive Fiskalpolitik für die Zentralbank … Gefahr lokaler Divergenz besteht, falls konventionelle Geldpolitik zum Einsatz kommt. Trotzdem kann Preisstabilität durch …
Persistent link: https://www.econbiz.de/10011857500
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Anticipation, learning and welfare : the case of distortionary taxation
Gasteiger, Emanuel; Zhang, Shoujian - In: Expectations in monetary and fiscal policy, (pp. 125-170). 2011
Das dritte Kapitel trägt den Titel "Anticipation, Learning and Welfare: the Case of Distortionary Taxation." Es handelt sich hierbei um eine Zusammenarbeit mit Shoujian Zhang. Im Fokus der Untersuchung stehen antizipierte Steuerreformen. Die Individuen in der Ökonomie haben nicht-rationale...
Persistent link: https://www.econbiz.de/10011857501
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Monetary policy over time
Gaspar, Victor; Smets, Frank; Vestin, David - In: Macroeconomic dynamics 10 (2006) 2, pp. 207-229
Persistent link: https://www.econbiz.de/10003318611
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Optimal monetary policy when agents are learning
Molnár, Krisztina (contributor);  … - 2006
Most studies of optimal monetary policy under learning rely on optimality conditions derived for the case when agents have rational expectations. In this paper, we derive optimal monetary policy in an economy where the Central Bank knows, and makes active use of, the learning algorithm agents...
Persistent link: https://www.econbiz.de/10003435154