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Monetary Policy, Determinacy, and Learnability in the Open Economy

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  • Eric Schaling
  • James Bullard

Abstract

We study how determinacy and learnability of global rational expectations equilibrium may be affected by monetary policy in a simple, two country, New Keynesian framework. The two blocks may be viewed as the U.S. and Europe, or as regions within the euro zone. We seek to understand how monetary policy choices may interact across borders […]

Suggested Citation

  • Eric Schaling & James Bullard, 2005. "Monetary Policy, Determinacy, and Learnability in the Open Economy," Working Papers 011, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:011
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