Performance of monetary policy with internal central bank forecasting

DOI10.1016/j.jedc.2003.07.006zbMath1202.91224OpenAlexW3124245724MaRDI QIDQ953768

Kaushik Mitra, Seppo Honkapohja

Publication date: 6 November 2008

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

Full work available at URL: http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp127.pdf

zbMATH Keywords

stabilityadaptive learningheterogeneitymonetary policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Rationality and learning in game theory (91A26) Heterogeneous agent models (91B69)

Related Items (15)

Learning in a misspecified multivariate self-referential linear stochastic model ⋮ Learnability of an equilibrium with private information ⋮ Animal spirits and credit cycles ⋮ Optimal fiscal policy under learning ⋮ Adaptive learning and the use of forecasts in monetary policy ⋮ Learning benevolent leadership in a heterogeneous agents economy ⋮ Monetary policy and learning from the central bank's forecast ⋮ Time-varying consumer disagreement and future inflation ⋮ Monetary policy, indeterminacy and learning ⋮ Trend growth and learning about monetary policy rules ⋮ Adaptive expectations and cobweb phenomena: does heterogeneity matter? ⋮ A New Keynesian model with heterogeneous expectations ⋮ Monetary policy, learning and the speed of convergence ⋮ Heterogeneity and misspecifications in learning ⋮ Inflation targeting, learning and Q volatility in small open economies

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• Expectations and the Stability Problem for Optimal Monetary Policies
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Escaping Nash Inflation
• Anchoring Economic Predictions in Common Knowledge

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