Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/53150 
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dc.contributor.authorTesfaselassie, Mewael F.en
dc.date.accessioned2011-12-08-
dc.date.accessioned2011-12-14T13:37:26Z-
dc.date.available2011-12-14T13:37:26Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/53150-
dc.description.abstractThe 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.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1744en
dc.subject.jelE4en
dc.subject.jelE5en
dc.subject.ddc330en
dc.subject.keywordtrend growthen
dc.subject.keywordlearningen
dc.subject.keywordmonetary policyen
dc.subject.keyworddeterminacyen
dc.subject.keywordexpectational stabilityen
dc.titleTrend growth and learning about monetary policy rules-
dc.typeWorking Paperen
dc.identifier.ppn679406069en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1744en

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