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The science of monetary policy : an imperfect knowledge perspective
Eusepi, Stefano; Preston, Bruce - 2016
New Keynesian theory identifies a set of principles central to the design and implementation of monetary policy. These principles rely on the ability of a central bank to manage expectations precisely, with policy prescriptions typically derived under the assumption of perfect information and...
Persistent link: https://www.econbiz.de/10011496866
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Learning about the term structure and optimal rules for inflation targeting
Tesfaselassie, Mewael F. (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003381128
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Learning about the term structure and optimal rules for inflation targeting
Tesfaselassie, Mewael F. (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003387279
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Learning about term structure and optimal rules for inflation targeting
Tesfaselassie, Mewael F.; Schaling, Eric; Eijffinger, … - 2006
Persistent link: https://www.econbiz.de/10003389305
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Learning the monetary/fiscal interaction under trend inflation
Florio, Anna; Gobbi, Alessandro - In: Oxford economic papers 67 (2015) 4, pp. 1146-1164
Persistent link: https://www.econbiz.de/10011346772
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Dynamics of monetary-fiscal interaction under learning : conference paper
Hollmayr, Josef; Matthes, Christian - 2014 - Very preliminary and incomplete
The interaction between monetary and fiscal policy and the associated uncertainty about this interaction have been put on center stage by the recent financial crisis and the associated recession. In our model agents learn about both fiscal and monetary policy rules via the Kalman Filter. In...
Persistent link: https://www.econbiz.de/10010491162
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Signals and learning in a new Keynesian economy
Marzioni, Stefano - In: Journal of macroeconomics 40 (2014), pp. 114-131
Persistent link: https://www.econbiz.de/10010495748
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Learning about the term structure and optimal rules for inflation targeting
Tesfaselassie, Mewael F.; Schaling, Eric; Eijffinger, … - In: Journal of money, credit and banking : JMCB 43 (2011) 8, pp. 1685-1706
Persistent link: https://www.econbiz.de/10009388982
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Two-sided learning and short-run dynamics in a New Keynesian model of the economy
Matthes, Christian; Rondina, Francesca - In: Economics letters 159 (2017), pp. 53-56
Persistent link: https://www.econbiz.de/10011902888
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The limits to robust monetary policy in a small open economy with learning agents
André, Marie Charlotte; Dai, Meixing - 2020
We study the impact of adaptive learning for the design of a robust monetary policy using a small open-economy New … with model misspecification. Learning induces an intertemporal trade-off for the central bank, i.e., stabilizing inflation … possibility to conduct robust monetary policy is limited in a small open economy under learning for any exchange rate pass …
Persistent link: https://www.econbiz.de/10012292350