Robust inflation-forecast-based rules to shield against indeterminacy

DOI10.1016/j.jedc.2005.08.010zbMath1162.91499OpenAlexW2087009199MaRDI QIDQ959632

Paul Levine, Nicoletta Batini, Alejandro Justiniano, Joseph G. Pearlman

Publication date: 12 December 2008

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

Full work available at URL: https://repec.som.surrey.ac.uk/2004/DP08-04.pdf

zbMATH Keywords

robustnessTaylor rulesindeterminacyinflation-forecast-based rules

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05) Bayesian inference (62F15) Macroeconomic theory (monetary models, models of taxation) (91B64) Optimal stochastic control (93E20)

Related Items (4)

Robust monetary policy in a small open economy ⋮ Bounded interest rate feedback rules in continuous-time ⋮ Robust inflation-forecast-based rules to shield against indeterminacy ⋮ Robust monetary rules under unstructured model uncertainty

Cites Work

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• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Inflation Persistence
• Robust monetary policy with misspecified models: Does model uncertainty always call for attenuated policy?

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