𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The dangers of commitment: Monetary policy with adaptive learning

✍ Scribed by George A. Waters

Publisher
Springer US
Year
2006
Tongue
English
Weight
696 KB
Volume
30
Category
Article
ISSN
1055-0925

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

Simplicity versus optimality: The choice
Simplicity versus optimality: The choice of monetary policy rules when agents must learn
✍ Robert J. Tetlow; Peter von zur Muehlen πŸ“‚ Article πŸ“… 2001 πŸ› Elsevier Science 🌐 English βš– 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

Principal components at work: the empiri
Principal components at work: the empirical analysis of monetary policy with large data sets
✍ Professor Carlo A. Favero; Massimiliano Marcellino; Francesca Neglia πŸ“‚ Article πŸ“… 2005 πŸ› John Wiley and Sons 🌐 English βš– 219 KB πŸ‘ 1 views

## Abstract The empirical analysis of monetary policy requires the construction of instruments for future expected inflation. Dynamic factor models have been applied rather successfully to inflation forecasting. In fact, two competing methods have recently been developed to estimate large‐scale dyn