Determinacy, learnability, and plausibility in monetary policy analysis: additional results
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Date
2009
Authors
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Publisher
Banco Central de Chile
Abstract
Description
It is almost superfluous to begin by emphasizing that recent research in monetary policy analysis has featured a great deal of work concerning conditions for determinacyâthat is, existence of a unique dynamically stable rational expectations equilibriumâ under various specifications of policy behavior.1 Indeed, there are a number of papers in which determinacy is the only criterion for a desirable monetary policy regime that is explicitly mentioned.
Keywords
POLĂTICA MONETARIA