Credibility of History-Dependent Monetary Policies and Macroeconomic Instability
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More about this item
Keywords
monetary policy commitment; price-level targeting; nominal-income targeting; multiple equilibria; policy credibility;All these keywords.
JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2016-06-25 (Central Banking)
- NEP-DGE-2016-06-25 (Dynamic General Equilibrium)
- NEP-MAC-2016-06-25 (Macroeconomics)
- NEP-MON-2016-06-25 (Monetary Economics)
- NEP-NET-2016-06-25 (Network Economics)
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