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 …

lead to determinacy and E-stability. Our results appear to be more prominent in economies characterized by a lower …

to guarantee equilibrium determinacy and E-stability of the MSV representation. When instead the interest rate responds …-stability and determinacy, regardless of the timing of the rule. Preliminary results show that the optimal monetary policy is also E …

develop a two-sector dynamic general equilibrium model to study the equilibrium determinacy properties of interest rate rules …

develop a DSGE model featuring heterogeneous nominal rigidities across two sectors to study the equilibrium determinacy and … stability under adaptive learning for interest rate rules that respond to inflation measures differing in their degree of price …

The paper examines the effect of trend productivity growth on the determinacy and learnability of equilibria under … a higher trend growth rate relaxes the conditions for determinacy and learnability. Results are mixed for other policy … rules. Under the expectations-based rule, trend growth reduces the scope for determinacy but it relaxes the conditions for …