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The Consistency of Optimal Policy in Stochastic Rational Expectations Models
11 references·16 citing·41 second hop
The Consistency of Optimal Policy in Stochastic Rational Expectations Models (1986)The Consistency of Optimal Policy in Stoc…Reputation in a Model of Monetary Policy with Incomplete Information (1986)Reputation in a Model of Mone…Recent Developments in the Theory of Rules Versus Discretion (1986)Recent Developments in the Th…Rational Expectations and Policy Credibility Following a Change in Regime (1985)Rational Expectations and Pol…Noncooperative Collusion under Imperfect Price Information (1984)Noncooperative Collusion unde…Monetary Policy Games and the Role of Private Information (1984)Monetary Policy Games and the…International Policy Coordination in Dynamic Macroeconomic Models (1984)International Policy Coordina…Rules, discretion and reputation in a model of monetary policy (1983)Rules, discretion and reputat…Reputation and imperfect information (1982)Reputation and imperfect info…Dynamic Noncooperative Game Theory (1982)Dynamic Noncooperative Game T…A Positive Theory of Monetary Policy in a Natural-Rate Model (1981)A Positive Theory of Monetary…Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Rules Rather than Discretion:…Linear-quadratic approximation of optimal policy problems (2011)Linear-quadratic approximatio…Inflation Targeting (2010)Inflation TargetingEmpirical and policy performance of a forward‐looking monetary model (2009)Empirical and policy performa…Optimal simple rules for the conduct of monetary and fiscal policy (2007)Optimal simple rules for the …OPTIMAL POLICY IN RATIONAL EXPECTATIONS MODELS: NEW SOLUTION ALGORITHMS (2007)OPTIMAL POLICY IN RATIONAL EX…Inflation targeting and exchange rate pass-through (2007)Inflation targeting and excha…Monetary Policy with Model Uncertainty: Distribution Forecast Targeting (2005)Monetary Policy with Model Un…Monetary Policy with Judgment: Forecast Targeting (2005)Monetary Policy with Judgment…Solution of macromodels with Hansen–Sargent robust policies: some extensions (2004)Solution of macromodels with …Optimal monetary policy when interest rates are bounded at zero (2004)Optimal monetary policy when …Targeting Inflation by Constant-Interest-Rate Forecasts (2003)Targeting Inflation by Consta…Solving for optimal simple rules in rational expectations models (2003)Solving for optimal simple ru…Monetary Policy and Real Stabilization (2003)Monetary Policy and Real Stab…Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability (2001)Price Stability as a Target f…Why exchange rate bands? (1994)Why exchange rate bands?MONETARY POLICY GAMES AND PRIVATE SECTOR PRECOMMITMENT (1992)MONETARY POLICY GAMES AND PRI…Long-term contracting, sticky prices, and monetary policy (1977)Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule (1977)The Unstable EMS (1993)The Gold Standard as a “Good Housekeeping Seal of Approval” (1996)Transparency and Credibility: Monetary Policy With Unobservable Goals (2001)Time to Build and Aggregate Fluctuations (1982)The Science of Monetary Policy: A New Keynesian Perspective (1999)INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)Optimal Taxation in an RBC Model: A Linear-Quadratic Approach (2005)The new financial regulation in Basel III and monetary policy: A macroprudential approach (2016)Optimal monetary policy and liquidity with heterogeneous households (2020)Reexamination of the perfectness concept for equilibrium points in extensive games (1975)The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)The Digitization of Word of Mouth: Promise and Challenges of Online Feedback Mechanisms (2003)A survey of trust and reputation systems for online service provision (2005)A Non-cooperative Equilibrium for Supergames (1971)Industrial Market Structure and Economic Performance. (1971)Contract enforceability and economic institutions in early trade: The Maghribi Traders' Coalition (1993)Explaining Interethnic Cooperation (1996)Economic Analysis of Social Interactions (2000)Rational Expectations and the Theory of Price Movements (1961)Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment (1973)Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism (1995)Veto Players. How Political Institutions Work (2003)Expectations and Exchange Rate Dynamics (1976)Robust control of forward-looking models (2003)Optimal Monetary Policy in an Operational Medium‐Sized DSGE Model (2011)Global macroeconomic cooperation in response to the COVID-19 pandemic: a roadmap for the G20 and the IMF (2020)Some International Evidence on Output-Inflation Tradeoffs. (1973)"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule (1975)Aggregate Dynamics and Staggered Contracts (1980)A Positive Theory of Monetary Policy in a Natural Rate Model (1983)Discretion versus policy rules in practice (1993)Varieties of Capitalism (2001)The Voracity Effect (1999)Large population stochastic dynamic games: closed-loop McKean-Vlasov systems and the Nash certainty equivalence principle (2006)Coalitional game theory for communication networks (2009)T HEORIES OF D ELEGATION (2001)Checks and Balances, Private Information, and the Credibility of Monetary Commitments (2002)Monetary Policy Committees: Individual and Collective Reputations (2003)
this work references cited by second hop

References

  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1982Dynamic Noncooperative Game Theory4,057 cited
  • 1983Rules, discretion and reputation in a model of monetary policy3,625 cited
  • 1982Reputation and imperfect information3,093 cited
  • 1981A Positive Theory of Monetary Policy in a Natural-Rate Model2,177 cited
  • 1984Noncooperative Collusion under Imperfect Price Information2,002 cited
  • 1984Monetary Policy Games and the Role of Private Information440 cited
  • 1985Rational Expectations and Policy Credibility Following a Change in Regime272 cited
  • 1984International Policy Coordination in Dynamic Macroeconomic Models241 cited
  • 1986Recent Developments in the Theory of Rules Versus Discretion150 cited
  • 1986Reputation in a Model of Monetary Policy with Incomplete Information134 cited

Cited by

  • 2011Linear-quadratic approximation of optimal policy problems218 cited
  • 2004Solution of macromodels with Hansen–Sargent robust policies: some extensions106 cited
  • 2003Monetary Policy and Real Stabilization99 cited
  • 1992MONETARY POLICY GAMES AND PRIVATE SECTOR PRECOMMITMENT96 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 2007Inflation targeting and exchange rate pass-through89 cited
  • 2004Optimal monetary policy when interest rates are bounded at zero80 cited
  • 2007OPTIMAL POLICY IN RATIONAL EXPECTATIONS MODELS: NEW SOLUTION ALGORITHMS78 cited
  • 2005Monetary Policy with Model Uncertainty: Distribution Forecast Targeting77 cited
  • 2005Monetary Policy with Judgment: Forecast Targeting69 cited
  • 2007Optimal simple rules for the conduct of monetary and fiscal policy64 cited
  • 1994Why exchange rate bands?62 cited
  • 2001Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability59 cited
  • 2003Targeting Inflation by Constant-Interest-Rate Forecasts57 cited
  • 2009Empirical and policy performance of a forward‐looking monetary model53 cited
  • 2010Inflation Targeting50 cited
  • 2003Solving for optimal simple rules in rational expectations models49 cited