The long-run Taylor principle revisited

DOI10.1016/j.econlet.2017.09.010zbMath1396.91528OpenAlexW2757557210MaRDI QIDQ1786767

Fumio Hayashi

Publication date: 25 September 2018

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2017.09.010

zbMATH Keywords

determinacy of equilibriumlong-run Taylor principleMarkov-switching rational expectations models

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20)

Uses Software

• Gensys

Cites Work

• Understanding Markov-switching rational expectations models
• Using the generalized Schur form to solve a multivariate linear rational expectations model
• Solving linear rational expectations models
• The Solution of Linear Difference Models under Rational Expectations

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