A Note on Regime Switching, Monetary Policy, and Multiple Equilibria
收藏NBER2009-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14770
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When monetary policy is subject to regime switches conditions for determinacy become more complex. Davig and Leeper (2007) and Farmer, Waggoner and Zha (2009a) have studied such conditons. Using some new results from stochastic processes, we characterize the moments of the stationary distribution of
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美国国家经济研究局创建时间：
2009-03-01
