Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen:
https://hdl.handle.net/10419/53150
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Tesfaselassie, Mewael F. | en |
dc.date.accessioned | 2011-12-08 | - |
dc.date.accessioned | 2011-12-14T13:37:26Z | - |
dc.date.available | 2011-12-14T13:37:26Z | - |
dc.date.issued | 2011 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aKiel Institute for the World Economy (IfW) |cKiel | en |
dc.relation.ispartofseries | |aKiel Working Paper |x1744 | en |
dc.subject.jel | E4 | en |
dc.subject.jel | E5 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | trend growth | en |
dc.subject.keyword | learning | en |
dc.subject.keyword | monetary policy | en |
dc.subject.keyword | determinacy | en |
dc.subject.keyword | expectational stability | en |
dc.title | Trend growth and learning about monetary policy rules | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 679406069 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:ifwkwp:1744 | en |
Datei(en):
Publikationen in EconStor sind urheberrechtlich geschützt.