Learning, monetary policy rules, and macroeconomic stability

DOI10.1016/j.jedc.2007.12.004zbMath1181.91204OpenAlexW2010498262MaRDI QIDQ844780

Fabio Milani

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.2007.12.004

zbMATH Keywords

expectationsmonetary policyBayesian estimationlearnabilityconstant-gain learningmacroeconomic instability

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Statistical methods; economic indices and measures (91B82) Rationality and learning in game theory (91A26) Dynamic stochastic general equilibrium theory (91B51) Heterogeneous agent models (91B69)

Related Items (7)

On the initialization of adaptive learning in macroeconomic models ⋮ The implications of financial frictions and imperfect knowledge in the estimated DSGE model of the U.S. economy ⋮ Learnability of an equilibrium with private information ⋮ Parameters estimation and stability analysis of nonlinear fractional-order economic system based on empirical data ⋮ Learning and time-varying macroeconomic volatility ⋮ Bounded rationality, monetary policy, and macroeconomic stability ⋮ Adaptive learning in practice

Uses Software

• bvarsv

Cites Work

• Monetary policy, indeterminacy and learning
• The decline of activist stabilization policy: natural rate misperceptions, learning, and expectations
• A simple recursive forecasting model
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Bayesian Analysis of DSGE Models
• Time Varying Structural Vector Autoregressions and Monetary Policy

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