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https://hdl.handle.net/10419/37341
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Wohltmann, Hans-Werner | en |
dc.contributor.author | Winkler, Roland C. | en |
dc.date.accessioned | 2010-08-11T09:09:28Z | - |
dc.date.available | 2010-08-11T09:09:28Z | - |
dc.date.issued | 2010 | - |
dc.identifier.uri | http://hdl.handle.net/10419/37341 | - |
dc.description.abstract | This 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.iso | eng | en |
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-V3 | en |
dc.subject.jel | E32 | en |
dc.subject.jel | E52 | en |
dc.subject.jel | E58 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | News Shocks | en |
dc.subject.keyword | Optimal Simple Rules | en |
dc.subject.keyword | Optimal Monetary Policy | en |
dc.title | News Shocks and Optimal Simple Rules | - |
dc.type | Conference Paper | en |
dc.identifier.ppn | 654888914 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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