.png){kind=icon}
返回
Multiple-solution indeterminacies in monetary policy analysis
.png){kind=icon}
OA
AI
DOI：10.1016/S0304-3932(03)00061-8.png)
.png){kind=icon}
.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
A sizeable fraction of recent research on monetary policy has been concerned with issues relating to analytical indeterminacies-i.e. multiple solutions in rational expectations (RE) models. Most of the literature features sophisticated RE analysis conducted within dynamic models that reflect optimizing behavior by individual agents and incorporate Taylor-style policy rules. A few papers have suggested that some of the particular indeterminacy arguments are misleading or irrelevant. For the most part, however, there has been little dissent from the position that these indeterminacies present a genuine problem for monetary policy makers. The purpose of the present paper, by contrast, is to argue that conclusions based on multiple-solution indeterminacy findings are of dubious merit rather generally. (C) 2003 Elsevier B.V. All rights reserved.
Keyword:
monetary policy
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
4.1
论文数:
3.2K
被引数:
1.1W
机构
暂无机构信息
引用论文
.png){kind=icon}
Monetary policy rules and macroeconomic stability:: Evidence and some theory货币政策规则与宏观经济稳定: 证据与理论OAAI
OAAI分享收藏
查看更多内容