determinacy
Log in to follow1 published entry by 1 member, in Monetary Policy Rules and the Policy Stance
The Taylor principle and determinacy
Why the coefficient on inflation has to exceed one, shown in the three-equation New Keynesian model.
1 published entry by 1 member, in Monetary Policy Rules and the Policy Stance
Why the coefficient on inflation has to exceed one, shown in the three-equation New Keynesian model.