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Optimal monetary policy rules: the problem of stability under heterogeneous learning
- 1.0315058 - NHÚ 2009 RIV CZ eng J - Journal Article
Bogomolova, Anna - Kolyuzhnov, Dmitri
Optimal monetary policy rules: the problem of stability under heterogeneous learning.
[Optimální monetární pravidla: problém stability při heterogenním učení.]
CERGE-EI Working Paper Series. -, č. 379 (2008), s. 1-34. ISSN 1211-3298
R&D Projects: GA MŠMT LC542
Institutional research plan: CEZ:AV0Z70850503
Keywords : monetary policy rules * New Keynesian model * adaptive learning
Subject RIV: AH - Economics
http://www.cerge-ei.cz/pdf/wp/Wp379.pdf
In this paper we extend the analysis of optimal monetary policy rules in terms of stability of an economy, started by Evans and Honkapohja (2003b), to the case of heterogeneous private agents learning.
V tomto článku rozšiřujeme analýzu optimálních monetárních pravidel z hlediska stability ekonomiky, poprvé uvedené v práci Evanse a Honkapohji (2003b), na případ učení heterogenních soukromých agentů.
Permanent Link: http://hdl.handle.net/11104/0165379
File Download Size Commentary Version Access Wp379.pdf 0 373.4 KB Publisher’s postprint open-access
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