Understanding the New-Keynesian Model when Monetary Policy Switches Regimes
收藏NBER2007-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12965
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资源简介：
This paper studies a New-Keynesian model in which monetary policy may switch between regimes. We derive sufficient conditions for indeterminacy that are easy to implement and we show that the necessary and sufficient condition for determinacy, provided by Davig and Leeper, is necessary but not
提供机构：
美国国家经济研究局
创建时间：
2007-03-01
