Bogomolova, Anna; Kolyuzhnov, Dmitri - Center for Economic Research and Graduate Education and … - 2008
In this paper we extend the analysis of optimal monetary policy rules in terms of stability of an economy, started by Evans and Honkapohja (2003b), to the case of heterogeneous private agents learning. Following Giannitsarou (2003), we pose the question about the applicability of the...