Optimal Interest-Rate Rules

By Marc P. Giannoni. 2001

159 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/20a7985c02cc737970f6168387a7830fe39da8f3

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Citations in the corpus

Anchored Inflation Expectations (2020, unknown): “From Giannoni and Woodford (2002) this target criterion is the optimal policy under discretion given our assumption that the central bank has a zero inflation target.”
Macroeconomic Policy in DSGE and Agent-Based Models (2012, unknown): “Even if optimal monetary policy rules could be in principle derived (see e.g. Giannoni and Woodford, 2002a,b), the NNS model is often closed with “simple” rules such as the Taylor (1993) rule6 (more on that in Section 3.3): iτt = r n t + φππt + φyỹt, (3) where iτ is the interest rate target of the…”
Robust Monetary Policy with Competing Reference Models (2003, background): “…(henceforth denoted the NKB, for New Keynesian Benchmark), which been studied by Hansen and Sargent (2002), Giannoni (2001, 2002), and Giannoni and Woodford (2002b); this model has purely forward-looking specifications for price setting and aggregate demand and exhibits no intrinsic…”
The science of monetary policy: an imperfect knowledge perspective (2018, unknown): “This consolidated rst-order condition called a target criterion by Giannoni and Woodford (2002, 2010) and Woodford (2003) requires the central bank to ensure ination is proportional to the change in the output gap.”
A New Keynesian model with heterogeneous expectations (2009, background): “…advocate simple, implementable policy rules (McCallum and Nelson, 1999; Schmitt-Grohe and Uribe, 2005); optimal state-contingent monetary policy (Giannoni and Woodford, 2002; Woodford, 2003; Benigno and Woodford, 2005); or, inflation targeting or inflation forecast targeting (Svensson, 1999;…”