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dc.contributor.authorWohltmann, Hans-Werneren_US
dc.contributor.authorWinkler, Roland C.en_US
dc.date.accessioned2010-08-11T09:09:28Z-
dc.date.available2010-08-11T09:09:28Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37341-
dc.description.abstractThis paper evaluates the performance of optimal simple policy rules in the presence of news shocks. It is shown that the inclusion of forward-looking elements enhances the performance of simple optimized interest rate rules when agents learn about future disturbances in advance. We provide a rationale for this result by demonstrating that, if shocks are news shocks, the optimal unrestricted control rule under commitment contains as a basic principle a forward-looking element.en_US
dc.language.isoengen_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Advances of New Keynesian Macroeconomics G2-V3en_US
dc.subject.jelE32en_US
dc.subject.jelE52en_US
dc.subject.jelE58en_US
dc.subject.ddc330en_US
dc.subject.keywordNews Shocksen_US
dc.subject.keywordOptimal Simple Rulesen_US
dc.subject.keywordOptimal Monetary Policyen_US
dc.titleNews Shocks and Optimal Simple Rulesen_US
dc.typeConference Paperen_US
dc.identifier.ppn654888914-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

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