The literature associated with system modeling and decision-making falls short in automating policy formation for correlated multiple-policy multiple-objective (MPMO) processes. Enthused by the effectiveness of multivariable control theory, this paper proposes the implementation of a...

This paper analyses the monetary policy of a central bank in a simple deterministic and continuous dynamic non-linear New-Keynesian model with an active central bank conducting monetary policy within inflation targeting framework. To meet this purpose, first we derive two differential equations...