Investment, interest rate policy, and equilibrium stability

DOI10.1016/j.jedc.2007.06.006zbMath1181.91199OpenAlexW2053953097MaRDI QIDQ844661

Takushi Kurozumi, Willem Van Zandweghe

Publication date: 19 January 2010

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2007.06.006

zbMATH Keywords

investmentcost channel of monetary policydeterminacy of equilibriumE-stability of rational expectations equilibriumforward-looking monetary policy

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Macroeconomic theory (monetary models, models of taxation) (91B64) Economic dynamics (91B55)

Related Items (10)

Learning about monetary policy rules when the housing market matters ⋮ A New Keynesian model with staggered price and wage setting under learning ⋮ Learning about monetary policy rules when labor market search and matching frictions matter ⋮ The Taylor principle fights back. I ⋮ The Taylor principle in a medium-scale macroeconomic model ⋮ Trend inflation, sticky prices, and expectational stability ⋮ Capital accumulation, sectoral heterogeneity and the Taylor principle ⋮ The Taylor principle fights back. II ⋮ Is forward-looking inflation targeting destabilizing? the role of policy's response to current output under endogenous investment ⋮ Money growth targeting and indeterminacy in small open economies

Cites Work

• Monetary policy, indeterminacy and learning
• Interest rate policy, debt, and indeterminacy with distortionary taxation
• Capital and macroeconomic instability in a discrete-time model with forward-looking interest rate rules
• The stability and control of discrete processes
• Solutions to linear rational expectations models: a compact exposition
• Using the generalized Schur form to solve a multivariate linear rational expectations model
• Is forward-looking inflation targeting destabilizing? the role of policy's response to current output under endogenous investment
• Investment and interest rate policy: a discrete time analysis
• New perspectives on capital, sticky prices, and the Taylor principle
• The design of monetary and fiscal policy: a global perspective
• The Solution of Linear Difference Models under Rational Expectations
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Investment and interest rate policy

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