Optimal monetary policy in a New Keynesian model with heterogeneous expectations

DOI10.1016/J.JEDC.2016.10.003zbMath1401.91348OpenAlexW2256508579MaRDI QIDQ1656469

Marco Di Pietro, Bianca Giannini, Giovanni Di Bartolomeo

Publication date: 10 August 2018

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

Full work available at URL: https://www.dipecodir.it/wpcom/data/wp_no_119_2015.pdf

zbMATH Keywords

bounded rationalitymonetary policyheterogeneous expectations

Mathematics Subject Classification ID

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

Related Items (2)

Bounded rationality and heterogeneous expectations: Euler versus anticipated-utility approach ⋮ Managing unanchored, heterogeneous expectations and liquidity traps

Cites Work

• Heterogeneous expectations in monetary DSGE models
• Macroeconomics from the bottom-up
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• Heterogeneity and misspecifications in learning
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• Rules of thumb in macroeconomic equilibrium
• The non-optimality of proposed monetary policy rules under timeless perspective commitment
• A New Keynesian model with heterogeneous expectations
• Intrinsic heterogeneity in expectation formation
• A Rational Route to Randomness
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• Implications of Efficient Risk Sharing without Commitment
• The Theory of Statistical Decision

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