Expectation traps in a New Keynesian open economy model

DOI10.1007/s00199-010-0533-2zbMath1276.91078OpenAlexW2014902108MaRDI QIDQ663196

David M. Arseneau

Publication date: 14 February 2012

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

Full work available at URL: http://www.federalreserve.gov/pubs/feds/2004/200445/200445pap.pdf

zbMATH Keywords

Friedman rulediscretionary monetary policysustainable policytime consistency problem

Mathematics Subject Classification ID

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

Related Items (1)

A theory of the non-neutrality of money with banking frictions and bank recapitalization

Cites Work

• Credible public policy
• Monetary policy with sticky prices and segmented markets
• Inflation in open economies with complete markets
• Time consistent monetary policy with endogenous price rigidity
• Monetary policy and multiple equilibria with constrained investment and externalities
• Expectation traps and discretion
• Sustainable plans and debt
• Sustainable monetary policies
• Welfare and Macroeconomic Interdependence
• Expectation Traps and Monetary Policy
• Price Stability in Open Economies
• Common Currencies vs. Monetary Independence
• Global Implications of Self-Oriented National Monetary Rules
• Monetary Discretion, Pricing Complementarity, and Dynamic Multiple Equilibria

This page was built for publication: Expectation traps in a New Keynesian open economy model