Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/37341 
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dc.contributor.authorWohltmann, Hans-Werneren
dc.contributor.authorWinkler, Roland C.en
dc.date.accessioned2010-08-11T09:09:28Z-
dc.date.available2010-08-11T09:09:28Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aVerein für Socialpolitik |cFrankfurt a. M.en
dc.relation.ispartofseries|aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Advances of New Keynesian Macroeconomics |xG2-V3en
dc.subject.jelE32en
dc.subject.jelE52en
dc.subject.jelE58en
dc.subject.ddc330en
dc.subject.keywordNews Shocksen
dc.subject.keywordOptimal Simple Rulesen
dc.subject.keywordOptimal Monetary Policyen
dc.titleNews Shocks and Optimal Simple Rules-
dc.typeConference Paperen
dc.identifier.ppn654888914en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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