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The long-run real effects of monetary policy: Keynesian predictions from a neoclassical model

Espinosa-Vega, Marco; Russell, Steven - Federal Reserve Bank of Atlanta - 1998

in both the inflation rate and the level (but not the growth rate) of output. We also describe conditions under which the … effects of these policies on real interest rates and output can be large relative to their effects on the rate of inflation … minimizes the change in the inflation rate necessary to achieve a given change in the level of output. …

Persistent link: https://www.econbiz.de/10005402030

Commodity prices and monetary policy

Joseph A. Whitt, Jr. - Federal Reserve Bank of Atlanta - 1988

Persistent link: https://www.econbiz.de/10005402039

Discussion of Preston, "Learning about monetary policy rules when long-horizon expectations matter"

Honkapohja, Seppo - Federal Reserve Bank of Atlanta - 2003

The design of interest rate rules for conducting monetary policy have recently been examined for two key concerns. The first issue is determinacy of equilibria. Indeterminacy (multiplicity of stationary rational expectations equilibria) is a concern in models of monopolistic competition and...

Persistent link: https://www.econbiz.de/10005402058