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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/53150
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Tesfaselassie, Mewael | | en_US |
| dc.date.accessioned | | 2011-12-08 | | en_US |
| dc.date.accessioned | | 2011-12-14T13:37:26Z | | - |
| dc.date.available | | 2011-12-14T13:37:26Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/53150 | | - |
| dc.description.abstract | | The 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.iso | | eng | | en_US |
| dc.publisher | | Kiel Institute for the World Economy (IfW) Kiel | | en_US |
| dc.relation.ispartofseries | | Kiel Working Papers 1744 | | en_US |
| dc.subject.jel | | E4 | | en_US |
| dc.subject.jel | | E5 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | trend growth | | en_US |
| dc.subject.keyword | | learning | | en_US |
| dc.subject.keyword | | monetary policy | | en_US |
| dc.subject.keyword | | determinacy | | en_US |
| dc.subject.keyword | | expectational stability | | en_US |
| dc.title | | Trend growth and learning about monetary policy rules | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 679406069 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online Kieler Arbeitspapiere, IfW
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