๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Instrument versus Target Rules As Specifications of Optimal Monetary Policy

โœ Scribed by Richard T. Froyen; Alfred V. Guender


Book ID
115240370
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
553 KB
Volume
15
Category
Article
ISSN
1367-0271

No coin nor oath required. For personal study only.


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โœ Robert J. Tetlow; Peter von zur Muehlen ๐Ÿ“‚ Article ๐Ÿ“… 2001 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 284 KB

The normal assumption of full information is dropped and the choice of monetary policy rules is instead examined when private agents must learn the rule. A small, forward-looking model is estimated and stochastic simulations conducted with agents using discounted least squares to learn of a change o