new theoretical results on restoring determinacy in New Keynesian models with positive trend inflation and combine these … self-fulfilling fluctuations in the 1970s, 2) the US economy moved from indeterminacy to determinacy during the Volcker … disinflation, and 3) the switch from indeterminacy to determinacy was due to the changes in the Fed’s response to macroeconomic …

relationship between determinacy and e-stability, and generalise Minimum State Variable results previously derived only under full …

-unemployment relationship is positive, determinacy requires a passive response to inflation in the central bank's interest feedback rule if the … rule features only inflation. Targeting steady state output or unemployment helps to restore determinacy. Under …

determinacy and macroeconomic performance of simple monetary policy rules under exogenous versus endogenous tax policies when … control on the determinacy region, hence higher policy flexibility with respect to the fiscal policy conduct; 2. welfare …

When monetary policy faces a zero lower bound (ZLB) constraint on the nominal interest rate, determinacy is not … guaranteed even if the Taylor principle is satisfied when the ZLB does not bind. This paper shows the boundary of the determinacy …

policy should respond to stock prices for what concerns the determinacy and the learnability (E-stability) of the Rational … determinacy and the E-stability of the fundamental REE when the degree of LAMP is sufficiently large to generate an inverted … prices appear to perform better than more standard rules responding to output with respect to both equilibrium determinacy …

parametric, we show this determinacy result extends to the non-parametric Divisia monetary aggregate growth rule. Interestingly … stemming from this aggregate’s inaccuracy in tracking the true monetary aggregate. Determinacy regions of interest rate rules …