Determinacy and Identification with Taylor Rules
收藏NBER2007-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13409
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资源简介：
The new-Keynesian, Taylor-rule theory of inflation determination relies on explosive dynamics. By raising interest rates in response to inflation, the Fed induces ever-larger inflation or deflation, unless inflation jumps to one particular value on each date. However, economics does not rule out
提供机构：
美国国家经济研究局
创建时间：
2007-09-01
