Determinacy, stock market dynamics and monetary policy inertia

DOI10.1016/j.econlet.2011.02.033zbMath1217.91126OpenAlexW2127607227MaRDI QIDQ553861

Damjan Pfajfar, Emiliano Santoro

Publication date: 28 July 2011

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

Full work available at URL: http://www.econ.ku.dk/english/research/publications/wp/2008/0830.pdf

zbMATH Keywords

determinacyasset pricesmonetary policy inertia

Mathematics Subject Classification ID

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

Related Items (3)

Formation of rationally heterogeneous expectations ⋮ Monetary policy and asset prices with belief-driven fluctuations ⋮ Monetary policy, stock prices, and consumption externalities

Cites Work

• The Solution of Linear Difference Models under Rational Expectations
• Optimal Interest-Rate Smoothing

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