Capital and macroeconomic instability in a discrete-time model with forward-looking interest rate rules

DOI10.1016/J.JEDC.2006.09.010zbMath1163.91479OpenAlexW3123966873MaRDI QIDQ1027395

Qinglai Meng, Kevin X. D. Huang

Publication date: 1 July 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://www.philadelphiafed.org/-/media/frbp/assets/working-papers/2007/wp07-4.pdf

zbMATH Keywords

capitalindeterminacyforward-looking interest rate rulesjump pricespredetermined prices

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Related Items (5)

Investment, interest rate policy, and equilibrium stability ⋮ The Taylor principle in a medium-scale macroeconomic model ⋮ Capital accumulation, sectoral heterogeneity and the Taylor principle ⋮ Is forward-looking inflation targeting destabilizing? the role of policy's response to current output under endogenous investment ⋮ Monetary policy and multiple equilibria with constrained investment and externalities

Cites Work

• Optimal random monetary policy with nominal rigidity.
• Investment and interest rate policy: a discrete time analysis
• New perspectives on capital, sticky prices, and the Taylor principle
• The design of monetary and fiscal policy: a global perspective
• Sticky Goods Prices, Flexible Asset Prices, Monopolistic Competition, and Monetary Policy
• Monopolistic Price Adjustment and Aggregate Output
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Monetary Discretion, Pricing Complementarity, and Dynamic Multiple Equilibria
• The perils of Taylor rules
• Investment and interest rate policy

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