Kiley, Michael T. - Federal Reserve Board (Board of Governors of the … - 2004
.
JEL Codes: E3, E5
Keywords: Monetary policy; equilibrium determinacy; Taylor rule; sunspot fluctuations
ii
1 ….g., from
0 to 4 percent per year for reasonable parameter values).
2
This result suggests that monetary policy practice and … Clarida, Gali, and Gertler (1999).
5
The aggregate-demand side of the model –
the IS curve and the monetary policy reaction …