Chadha, Jagjit S.; Corrado, Luisa - Centre for Dynamic Macroeconomic Analysis, University … - 2006
: Expectational Errors; Indeterminacy; Monetary Policy Rules.
1 Introduction
The question of how to control an economy in which …-makers. In this setting, the main stabilization
device appears to be predictable monetary policy rules, which act to contain … motivation
for the study of monetary policy rules was the insight that if economic agents base their
decisions on expectations of …