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
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951-686-767-7
- Language
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Englisch
- Bibliographic citation
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Series: Bank of Finland Discussion Papers ; No. 3/2002
- Classification
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Wirtschaft
Monetary Policy
Price Level; Inflation; Deflation
Expectations; Speculations
- Subject
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adaptive learning
stability
heterogeneity
monetary policy
- Event
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Geistige Schöpfung
- (who)
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Honkapohja, Seppo
Mitra, Kaushik
- Event
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Veröffentlichung
- (who)
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Bank of Finland
- (where)
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Helsinki
- (when)
-
2002
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Honkapohja, Seppo
- Mitra, Kaushik
- Bank of Finland
Time of origin
- 2002
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