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Learning, central bank conservatism, and stock price dynamics
André, Marine Charlotte; Dai, Meixing - In: The B.E. journal of macroeconomics 23 (2023) 2, pp. 791-843
Persistent link: https://www.econbiz.de/10014368641
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Learning, robust monetary policy and the merit of precaution
André, Marine Charlotte; Dai, Meixing - In: The B.E. journal of macroeconomics 18 (2018) 2, pp. 1-20
Persistent link: https://www.econbiz.de/10011898893
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The limits to robust monetary policy in a small open economy with learning agents
André, Marie Charlotte; Dai, Meixing - 2020
We study the impact of adaptive learning for the design of a robust monetary policy using a small open-economy New Keynesian model. We find that slightly departing from rational expectations substantially changes the way the central bank deals with model misspecification. Learning induces an...
Persistent link: https://www.econbiz.de/10012292350
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The limits to robust monetary policy in a small open economy with learning agents
André, Marie Charlotte; Dai, Meixing - 2020
We study the impact of adaptive learning for the design of a robust monetary policy using a small open-economy New Keynesian model. We find that slightly departing from rational expectations substantially changes the way the central bank deals with model misspecification. Learning induces an...
Persistent link: https://www.econbiz.de/10012616405