Discouraging Deviant Behavior in Monetary Economics
收藏NBER2018-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24949
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资源简介：
We consider a model in which monetary policy is governed by a Taylor rule. The model has a unique equilibrium near the steady state, but also has other equilibria. The introduction of a particular escape clause into monetary policy works like the Taylor principle to exclude the other equilibria. We
提供机构：
美国国家经济研究局
创建时间：
2018-09-01
