Does it matter (for equilibrium determinacy) what price index the central bank targets?

DOI10.1016/j.jet.2004.09.003zbMath1151.91641OpenAlexW2143796475MaRDI QIDQ2496233

Timothy S. Fuerst, Fabio Ghironi, Charles T. Carlstrom

Publication date: 12 July 2006

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://fmwww.bc.edu/EC-P/wp533.pdf

zbMATH Keywords

determinacyTaylor principlesectoral Taylor rule

Mathematics Subject Classification ID

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

Related Items (7)

Interest rate rules, endogenous cycles, and chaotic dynamics in open economies ⋮ Monetary policy and indeterminacy after the 2001 slump ⋮ A New Keynesian model with staggered price and wage setting under learning ⋮ Monetary policy and determinacy: an inquiry into open economy New Keynesian macrodynamics ⋮ Limited asset markets participation, monetary policy and (inverted) aggregate demand logic ⋮ Price indexation, habit formation, and the generalized Taylor principle ⋮ Capital accumulation, sectoral heterogeneity and the Taylor principle

Cites Work

• IMPLEMENTING INTERNATIONAL MONETARY COOPERATION THROUGH INFLATION TARGETING
• Monopolistic Price Adjustment and Aggregate Output
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*

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