We present determinacy bounds on monetary policy in the sticky information model. We find that these bounds are more … authority's concern for inflation. These determinacy bounds are obtained by appealing to frequency domain techniques that …

It is well known that the concept of "determinacy"-a single stable solution-plays a major role in contemporary monetary … policy analysis. But while determinacy is desirable, other things equal, it is not necessary for a solution to be plausible … necessary condition for any specific solution to be relevant. This implies that determinacy is not necessary for policy analysis …

respect to determinacy, stability under learning and optimality. We first review the recent literature. Open-loop interest … determinacy and stability under learning, and implements optimal policy. We then show that Friedman’s rule also can generate …

It is well known that the concept of "determinacy"-a single stable solution-plays a major role in contemporary monetary … policy analysis. But while determinacy is desirable, other things equal, it is not necessary for a solution to be plausible … necessary condition for any specific solution to be relevant. This implies that determinacy is not necessary for policy analysis …

respect to determinacy, stability under learning and optimality. First we review the recent literature: open-loop interest … determinacy and stability under learning, and implements optimal policy. We show that Friedman’s rule also can generate equilibria …