Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/158917
Authors: 
Denicolò, Vincenzo
Year of Publication: 
1989
Series/Report no.: 
Quaderni - Working Paper DSE 74
Abstract: 
This paper analyses some monetary policy issues in a model of business cycle derived from Lucas (1972). We show that an autoregressive monetary policy rule may dominate a k-percent rule, and that the optimal monetary policy is characterised by an infinite amount of noise.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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