Unconditionally optimal monetary policy

被引：20

作者：

Damjanovic, Tatiana ^{[1
]}

Damjanovic, Vladislav ^{[1
]}

Nolan, Charles ^{[1
]}

机构：

[1] Univ St Andrews, Sch Econ & Finance, St Andrews KY16 9AL, Fife, Scotland

来源：

JOURNAL OF MONETARY ECONOMICS | 2008年 / 55卷 / 03期

关键词：

unconditional expectations; optimal monetary policy;

D O I：

10.1016/j.jmoneco.2008.01.003

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We develop a simple and intuitive approach for analytically deriving unconditionally optimal (UO) policies, a topic of enduring interest in optimal monetary policy analysis. The approach can be employed in both general linear-quadratic problems and in the underlying non-linear environments. A detailed example is provided using a canonical New Keynesian framework. (C) 2008 Elsevier B.V. All rights reserved.

引用

页码：491 / 500

页数：10

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