Monetary policy and stable indeterminacy with inertia

DOI10.1016/j.econlet.2004.09.006zbMath1254.91471OpenAlexW2005743659MaRDI QIDQ1927778

George W. Evans, Bruce McGough

Publication date: 2 January 2013

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

Full work available at URL: http://hdl.handle.net/1794/236

zbMATH Keywords

stabilitylearningexpectationssunspotsmonetary policy

Mathematics Subject Classification ID

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

Related Items (5)

Learning in a misspecified multivariate self-referential linear stochastic model ⋮ Financial factors and monetary policy: determinacy and learnability of equilibrium ⋮ A New Keynesian model with staggered price and wage setting under learning ⋮ Analysing DSGE models with global sensitivity analysis ⋮ Dynamic predictor selection in a New Keynesian model with heterogeneous expectations

Cites Work

• Monetary policy, indeterminacy and learning
• On the local stability of sunspot equilibria under adaptive learning rules
• Existence of adaptively stable sunspot equilibria near an indeterminate steady state.
• Learning to Believe in Sunspots
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Inflation Persistence

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