Simple Monetary Policy Rules Under Model Uncertainty /
Using stochastic simulations and stability analysis, the paper compares how different monetary rules perform in a moderately nonlinear model with a time-varying nonaccelerating-inflation-rate-of-unemployment (NAIRU). Rules that perform well in linear models but implicitly embody backward-looking mea...
| मुख्य लेखक: | |
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| अन्य लेखक: | , |
| स्वरूप: | पत्रिका |
| भाषा: | English |
| प्रकाशित: |
Washington, D.C. :
International Monetary Fund,
1999.
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| श्रृंखला: | IMF Working Papers; Working Paper ;
No. 1999/075 |
| ऑनलाइन पहुंच: | Full text available on IMF |