MONETARY POLICY AND SUNSPOT FLUCTUATIONS IN THE UNITED STATES AND THE EURO AREA

DOI10.1017/S1365100510001008zbMath1270.91059MaRDI QIDQ2843397

Yasuo Hirose

Publication date: 22 August 2013

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

zbMATH Keywords

Bayesian analysisindeterminacymonetary policyNew Keynesian modelopen economy modelsunspot shock

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Macroeconomic theory (monetary models, models of taxation) (91B64) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

Cites Work

• Understanding Markov-switching rational expectations models
• Computing sunspot equilibria in linear rational expectations models
• Option pricing with an illiquid underlying asset market
• Methods to estimate dynamic stochastic general equilibrium models
• Solving linear rational expectations models
• The Solution of Linear Difference Models under Rational Expectations
• Using simulation methods for bayesian econometric models: inference, development,and communication
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy