Adaptive monetary policy and rational expectations

DOI10.1016/0022-0531(80)90010-1zbMath0452.90018OpenAlexW2011182167MaRDI QIDQ1148778

Jess Benhabib

Publication date: 1980

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(80)90010-1

zbMATH Keywords

business cyclesrational expectationsdiffeomorphismsHopf bifurcation theoremadaptive monetary policyanticipation of price movementsdynamic monetary economyeconomy with flexible pricesexistence of cyclesrate of inflation

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (5)

Deficits and cycles ⋮ Multiperiodicity and irregularity in growth cycles: a continuous model of monetary attractors ⋮ On competitive cycles in productive economies ⋮ Equilibrium cycles in an overlapping generations economy with production ⋮ Stabilizing properties of monetary feedback rules: A representative-agent approach.

Cites Work

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• The Hopf bifurcation and the existence and stability of closed orbits in multisector models of optimal economic growth
• The Hopf bifurcation and its applications. With contributions by P. Chernoff, G. Childs, S. Chow, J. R. Dorroh, J. Guckenheimer, L. Howard, N. Kopell, O. Lanford, J. Mallet-Paret, G. Oster, O. Ruiz, S. Schecter, D. Schmidt, and S. Smale
• The dynamics of density dependent population models
• Money and Growth: The Case of Long Run Perfect Foresight
• The Stability of Models of Money and Growth with Perfect Foresight

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