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dc.contributor.authorTesfaselassie, Mewael F.en_US
dc.date.accessioned2011-12-08en_US
dc.date.accessioned2011-12-14T13:37:26Z-
dc.date.available2011-12-14T13:37:26Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/53150-
dc.description.abstractThe paper examines the effect of trend productivity growth on the determinacy and learnability of equilibria under alternative monetary policy rules. It shows that under a policy rule that responds to current period inflation and the output gap a higher trend growth rate relaxes the conditions for determinacy and learnability. Results are mixed for other policy rules. Under the expectations-based rule, trend growth reduces the scope for determinacy but it relaxes the conditions for learnability. Under the lagged-data-based rule rule trend growth reduces the scope for determinacy and learnability.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel Working Papers 1744en_US
dc.subject.jelE4en_US
dc.subject.jelE5en_US
dc.subject.ddc330en_US
dc.subject.keywordtrend growthen_US
dc.subject.keywordlearningen_US
dc.subject.keywordmonetary policyen_US
dc.subject.keyworddeterminacyen_US
dc.subject.keywordexpectational stabilityen_US
dc.titleTrend growth and learning about monetary policy rulesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn679406069en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

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