Rule-of-Thumb Consumers and the Design of Interest Rate Rules
收藏NBER2004-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10392
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资源简介：
We introduce rule-of-thumb consumers in an otherwise standard dynamic sticky price model, and show how their presence can change dramatically the properties of widely used interest rate rules. In particular, the existence of a unique equilibrium is no longer guaranteed by an interest rate rule that
提供机构：
美国国家经济研究局
创建时间：
2004-03-01
