Evans, George W.; Honkapohja, Seppo - C.E.P.R. Discussion Papers - 2008
.e. rules that do not depend on contemporaneous values of endogenous aggregate variables, many interest-rate rules do not … exhibit robust stability. We consider a variety of interest-rate rules, including instrument rules, optimal reaction functions … allow for an interest-rate stabilization motive in the policy objective. The expectations-based rules proposed in Evans and …