Bullard, James; Cho, In-Koo - Center for Financial Studies - 2003
was presented at the research conference ”Expectations, Learning and Monetary Policy ”
August 2003 sponsored by the … Classification: E52, E32, D83, D84
Keywords: Learning, monetary policy rules, escape dynamics
1. INTRODUCTION
1.1. Overview
In … that
this monetary policy was close to the optimal one. We alter the economy
relative to this benchmark, in part by …