Stabilizing inflation in a simple monetary policy model with heterogeneous agents

DOI10.1016/J.MATCOM.2013.09.002OpenAlexW2009635900MaRDI QIDQ2228572

Vincenzo Valori, Domenico Colucci

Publication date: 19 February 2021

Published in: Mathematics and Computers in Simulation (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.matcom.2013.09.002

zbMATH Keywords

stability of steady statesbounded rationalitymonetary policyinflation targetingheterogeneous expectations

Mathematics Subject Classification ID

Computer science (68-XX) Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Cites Work

• Adaptive expectations and cobweb phenomena: does heterogeneity matter?
• The heterogeneous expectations hypothesis: Some evidence from the lab
• Ways of learning in a simple economic setting: A comparison
• Asset price dynamics when behavioural heterogeneity varies
• GLOBAL STABILITY OF INFLATION TARGET POLICIES WITH ADAPTIVE AGENTS
• OPTIMAL MONETARY POLICY UNDER PARAMETER UNCERTAINTY IN A SIMPLE MICROFOUNDED MODEL
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• An Experimental Study on Expectations and Learning in Overlapping Generations Models

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