Determinacy, Learnability, and Monetary Policy Inertia
By James Bullard, K. Mitra. 2000
145 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/cdb6409f55bb3f820a4af3bc4f112b865997788b
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In Economics and Econometrics
Citations in the corpus
- Time Varying Structural Vector Autoregressions and Monetary Policy (2005, unknown): “…condition under which the rational expectation equilibrium exhibits desirable properties, such as determinacy and expectational stability (Bullard and Mitra(2000), Woodford(2001, 2003)).14 In this general framework, the Taylor principle requires that φ̃(1) > 1, i.e. that the sum of…”
- Learning About Monetary Policy Rules When Long-Horizon Expectations Matter (2003, methodology): “The latter paper shows that forecast-based instrument rules, including the classes of rules proposed by Bullard and Mitra (2002) and Evans and Honkapohja (2002b), are frequently prone to self-fulfilling expectations in the present model if the central bank responds to observed private-sector forecas”
- Central bank communication and expectations stabilization (2010, background): “This approach follows a now substantial literature on learning dynamics and monetary policy see Howitt (1992) for the seminal contribution and Bullard and Mitra (2002), Evans and Honkapohja (2003) and Preston (2004, 2006), inter alia, for subsequent contributions motivated by the question of rob”
- The science of monetary policy: an imperfect knowledge perspective (2018, unknown): “Bullard and Mitra (2002) establish this result with no interest-rate inertia in the case of the New Keynesian framework in which household and rm decisions depend upon one-period-ahead expectations.”