Learning and optimal monetary policy

DOI10.1016/J.JEDC.2007.08.002zbMath1181.91188OpenAlexW3124825592MaRDI QIDQ844696

Federico Ravenna, Richard Dennis

Publication date: 19 January 2010

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

Full work available at URL: http://www.frbsf.org/publications/economics/papers/2007/wp07-19bk.pdf

zbMATH Keywords

learningoptimal policytransparency

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Statistical methods; economic indices and measures (91B82)

Related Items (1)

Two-sided learning and short-run dynamics in a New Keynesian model of the economy

Cites Work

• Monetary policy, learning and the speed of convergence
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Simplicity versus optimality: The choice of monetary policy rules when agents must learn
• Learning by doing and the value of optimal experimentation
• OPTIMAL POLICY IN RATIONAL EXPECTATIONS MODELS: NEW SOLUTION ALGORITHMS
• Monopolistic Price Adjustment and Aggregate Output
• Expectations and the Stability Problem for Optimal Monetary Policies
• MONETARY POLICY OVER TIME
• First Order Autoregression: Inference, Estimation, and Prediction

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