Optimal Interest-Rate Rules: I. General Theory
收藏NBER2003-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9419
下载链接
链接失效反馈官方服务：
资源简介：
This paper proposes a general method for deriving an optimal monetary policy rule in the case of a dynamic linear rational-expectations model and a quadratic objective function for policy. A commitment to a rule of the type proposed results in a determinate equilibrium in which the responses to
提供机构：
美国国家经济研究局创建时间：
2003-01-01
