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Optimal Taylor Rules in New Keynesian Models

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NBER2014-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20237
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We analyze the optimal Taylor rule in a standard New Keynesian model. If the central bank can observe the output gap and the inflation rate without error, then it is typically optimal to respond infinitely strongly to observed deviations from the central bank's targets. If it observes inflation and
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2014-06-01
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