Determinacy without the Taylor Principle
Determinacy without the Taylor Principle
About this item
Full title
Author / Creator
Publisher
Chicago: The University of Chicago Press
Journal title
Language
English
Formats
Publication information
Publisher
Chicago: The University of Chicago Press
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Scope and Contents
Contents
Our understanding of monetary policy is complicated by an indeterminacy problem: the same path for the nominal interest rate is consistent with multiple equilibrium paths for inflation and output. We offer a potential resolution by showing that small frictions in social memory and intertemporal coordination can remove this indeterminacy. Under our...
Alternative Titles
Full title
Determinacy without the Taylor Principle
Authors, Artists and Contributors
Author / Creator
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Record Identifier
TN_cdi_uchicagopress_journals_723634
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_uchicagopress_journals_723634
Other Identifiers
ISSN
0022-3808
E-ISSN
1537-534X
DOI
10.1086/723634
