Arbeitspapier
Performance of monetary policy with internal central bank forecasting
Recent models of monetary policy have analysed the desirability of different optimal and ad hoc interest-rate rules under the restrictive assumption that forecasts of the private sector and central bank are homogeneous.In this paper, we study from a learning perspective the implications of heterogeneity across forecasts by the central bank and private agents for the performance of interest-rate rules.
- ISBN
-
951-686-767-7
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Finland Discussion Papers ; No. 3/2002
- Klassifikation
-
Wirtschaft
Monetary Policy
Price Level; Inflation; Deflation
Expectations; Speculations
- Thema
-
adaptive learning
stability
heterogeneity
monetary policy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Honkapohja, Seppo
Mitra, Kaushik
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland
- (wo)
-
Helsinki
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Honkapohja, Seppo
- Mitra, Kaushik
- Bank of Finland
Entstanden
- 2002
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