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Techniques for achieving optimal money supply rules in a rational expectations macroeconomic model

โœ Scribed by Jeremy J. Siegel

Book ID
116099377
Publisher
Elsevier Science
Year
1983
Tongue
English
Weight
242 KB
Volume
11
Category
Article
ISSN
0165-1765

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๐Ÿ“œ SIMILAR VOLUMES

Solving for optimal simple rules in rati
Solving for optimal simple rules in rational expectations models
โœ Richard Dennis ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 679 KB

This paper presents algorithms that solve for optimal simple monetary policy rules in rational expectations models with precommitment and discretion. The algorithms are applied to the models in Fuhrer (J. Money, Credit, Banking 29 (1997) 214), Clarida et al. (J. Econ. Lit. 37 (1999) 1661) and Rudebu