๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Learning about monetary policy rules when the housing market matters

โœ Scribed by Xiao, Wei


Book ID
122552582
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
431 KB
Volume
37
Category
Article
ISSN
0165-1889

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