Monetary policy and stable indeterminacy with inertia

被引：7

作者：

Evans, GW ^{[1
]}

McGough, B

机构：

[1] Univ Oregon, Dept Econ, Eugene, OR 97403 USA

[2] Oregon State Univ, Corvallis, OR 97331 USA

来源：

ECONOMICS LETTERS | 2005年 / 87卷 / 01期

基金：

美国国家科学基金会;

关键词：

Monetary policy; sunspots; expectations; learning; stability;

D O I：

10.1016/j.econlet.2004.09.006

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine existence and stability under learning of sunspot equilibria in a New Keynesian model incorporating inertia. Indeterminacy remains prevalent, stable sunspots abound, and inertia in IS and aggregate supply (AS) relations do not significantly impact the policy region containing stable sunspots. (c) 2004 Elsevier B.V. All rights reserved.

引用

页码：1 / 7

页数：7

共 19 条

[1] Inflation forecasts and monetary policy [J].