Damjanovic, T., Damjanovic, V. and Nolan, C. (2008) Unconditionally optimal monetary policy. Journal of Monetary Economics, 55(3), pp. 491-500. (doi: 10.1016/j.jmoneco.2008.01.003)
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Publisher's URL: http://dx.doi.org/10.1016/j.jmoneco.2008.01.003
Abstract
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.
Item Type: | Articles |
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Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Nolan, Professor Charles |
Authors: | Damjanovic, T., Damjanovic, V., and Nolan, C. |
Subjects: | H Social Sciences > HB Economic Theory |
College/School: | College of Social Sciences > Adam Smith Business School > Economics |
Journal Name: | Journal of Monetary Economics |
ISSN: | 0304-3932 |
ISSN (Online): | 1873-1295 |
Published Online: | 19 January 2008 |
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