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https://hdl.handle.net/10419/25297
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Meyer-Gohde, Alexander | en |
dc.date.accessioned | 2008-11-07 | - |
dc.date.accessioned | 2009-07-23T15:04:05Z | - |
dc.date.available | 2009-07-23T15:04:05Z | - |
dc.date.issued | 2008 | - |
dc.identifier.uri | http://hdl.handle.net/10419/25297 | - |
dc.description.abstract | The uniqueness of bounded local equilibria under interest rate rules is analyzed in a model with sticky information à la Mankiw and Reis (2002). The main results are tighter bounds on monetary policy than in sticky-price models, irrelevance of the degree of output-gap targeting for determinacy, independence of determinacy regions from parameters outside the interest-rate rule, and equivalence between real determinacy in models satisfying the natural rate hypothesis and nominal determinacy in the associated full-information, flex-price equivalent. The analysis follows from boundedness considerations on the nonautonomous recursion that describe the MA(∞) representation of variables' reaction to endogenous fluctuations. | en |
dc.language.iso | eng | en |
dc.publisher | |aHumboldt University of Berlin, Collaborative Research Center 649 - Economic Risk |cBerlin | en |
dc.relation.ispartofseries | |aSFB 649 Discussion Paper |x2008,054 | en |
dc.subject.jel | C62 | en |
dc.subject.jel | E31 | en |
dc.subject.jel | E52 | en |
dc.subject.jel | E58 | en |
dc.subject.jel | E61 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Nonautonomous difference equations | en |
dc.subject.keyword | indeterminacy | en |
dc.subject.keyword | Taylor rule | en |
dc.subject.keyword | sticky information | en |
dc.subject.keyword | sticky prices | en |
dc.subject.stw | Geldpolitik | en |
dc.subject.stw | Taylor-Regel | en |
dc.subject.stw | Entscheidung bei Unsicherheit | en |
dc.subject.stw | Natürliche Arbeitslosigkeit | en |
dc.subject.stw | Ungleichgewichtstheorie | en |
dc.subject.stw | Information | en |
dc.subject.stw | Preisrigidität | en |
dc.subject.stw | Analysis | en |
dc.subject.stw | Theorie | en |
dc.title | The natural rate hypothesis and real determinacy | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 584572751 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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