The non-optimality of proposed monetary policy rules under timeless perspective commitment

DOI10.1016/S0165-1765(02)00096-4zbMath1022.91042OpenAlexW3021086068MaRDI QIDQ1852898

Christian Jensen, Bennett T. McCallum

Publication date: 21 January 2003

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

Full work available at URL: https://doi.org/10.1016/s0165-1765(02)00096-4

zbMATH Keywords

optimalitypolicy rulesforward-lookingtimeless perspective

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (8)

A quantitative analysis of optimal sustainable monetary policies ⋮ OPTIMAL POLICY IN RATIONAL EXPECTATIONS MODELS: NEW SOLUTION ALGORITHMS ⋮ Optimal monetary policy in a New Keynesian model with heterogeneous expectations ⋮ Cross-checking optimal monetary policy with information from the Taylor rule ⋮ A note on timeless perspective policy design ⋮ Inflation-targeting rules: history-dependent or forward-looking? ⋮ Linear-quadratic approximation of optimal policy problems ⋮ LEARNING, COMMITMENT, AND MONETARY POLICY

Cites Work

• Estimation and Control of a Macroeconomic Model with Rational Expectations

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