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Is Optimal Monetary Policy Always Optimal? · Study

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PreprintIs Optimal Monetary Policy Always Optimal?

Troy A. Davig2015

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Preprintgreen2015

Is Optimal Monetary Policy Always Optimal?

Troy A. Davig · Refet S. Gürkaynak

21 citations·0/0 files stored·SSRN Electronic Journal

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Monetary Policy and Economic Impact Global Financial Crisis and Policies Economic theories and models

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References

1977Rules Rather than Discretion: The Inconsistency of Optimal Plans 1985The Optimal Degree of Commitment to an Intermediate Monetary Target 1997An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy 1991Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies 1997Inflation Targeting: A New Framework for Monetary Policy?2013Rules Rather Than Discretion: The Inconsistency of Optimal plans 2014Financial Stability and Monetary Policy: How Closely Interlinked?2014Monetary Policy and Rational Asset Price Bubbles

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2015Monetary Policy in Turkey after Central Bank Independence 2017Uncertainty shocks, central bank characteristics and business cycles

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Details

Year2015

Typepreprint

Published2015-01-01

VenueSSRN Electronic Journal

ISSN-L1556-5068

Languageen

Citations21

Files0 public / 0

ShelfMonetary Policy and Economic Impact

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doi10.2139/ssrn.2639830

openalex_workW1885665134

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