Interest-rate rules in a new keynesian framework with investment
Auteur :
Pavlova, Elena
Éditeur :
Peter Lang AG
ISBN :
9783631611289
Date de publication :
25 mars 2011
Dimensions :
21,0 x 14,8 cm
Poids :
310 g
Langue :
Anglais
Pays d'origine :
Suisse
The last decades have witnessed major progress in both monetary policy theory and practice, with academic consensus on the desirability of monetary policy rules and ongoing research on their exact specification. This title concludes that rules with inflation and an output gap target ensure a rational-expectations equilibrium.